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Nylon filament yarn market maintains weak tone
05
Jun '14
Nylon filament yarn market continued to maintain a weak tone amid subdued demand from the downstream buyers and weak market outlook today. Nylon filament yarn market sentiments remained lackluster and trading prices remained stable due to unfavorable market fundamentals.
 
Seeing the current market conditions, some nylon filament yarn producers decided to curtail production capacity in order to reduce inventory pressure.
 
In the USD based Asian export markets, nylon filament yarn prices remained stable and prices for FDY 70 Den/12F were around US$ 3.53 -3.57/kg FOB N E Asia.
 
In the Chinese domestic market, average price of FDY 70 Den/24 F was around RMB 22,000-22,300/ton, POY 86 Den/24 F was around RMB 20,600-22,000/ton and DTY 70 Den/24 F semi-dull price was around RMB 22,600-24,500/ton.
 

Fibre2fashion News Desk - India

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