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NFY market may maintain slight consolidation in short run
Nov '13
In Northeast Asia, average price of nylon filament yarn (NFY) in the last fortnight ending November 15, 2013, was US$ 3.79/kg, representing a decrease of 4.05 percent compared to the price of US$ 3.95/kg recorded during the corresponding period of last year.
However, compared to the previous fortnight ending October 31, NFY prices increased by 0.53 percent from US$ 3.77/kg to US$ 3.79/kg.
In USD-based export markets, prices for FDY 70 Den/12 F increased and were assessed at around US$ 3.78-3.80/kg FOB Northeast Asia. POY prices presented an uptrend, but DTY prices followed downtrend in export market in the first half of the last fortnight. In the second half, POY prices presented a stable trend, but DTY prices followed downtrend in export market.
In the Chinese domestic market, NFY prices remained stable due to subdued demand from the downstream buyers during the first half of the last fortnight ending November 15. In the first half, among the major varieties, average prices for FDY 70 Den/24 F were around RMB 23,600-24,000/ton. Mainstream prices for POY 86 Den/24 F were around RMB 22,600-24,400/ton. DTY 70 Den/24 F semi-dull was traded in a price range of RMB 24,600-27,000/ton in the Chinese domestic market. In the second half of the last fortnight, prices remained stable.
In the last week ending November 23, prices of NFY 70 Den FDY for China market and Taiwan market were assessed at US$ 4.04-4.09/kg and US$ 4.06-4.11/kg, respectively.
Market analysts expect NFY market to maintain slight consolidation and prices may remain stable in the short run.

Fibre2fashion News Desk - India

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