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Nylon FDY & DTY prices dip. POY stable
09
Jul '10
By looking at the current inactive downstream markets, speculators do not expect buying interest to recover in the near future. In Chinese market, caprolactam prices remained stable around RMB 19,150 / ton.

In Japan, Ube Industries is running its plants at around 80 percent capacity and in Taiwan, China Petrochemical Development Corporation (CPDC) is also planning to reduce the operating rate of its Toufen plant to 70 percent within short time, due to some maintenance work.

In Asian market, chip buying activity remained weak. Consumers have maintained comfortable chip inventories and they are avoiding making any buying enquiries. In Chinese market, general grade nylon chips prices moved down by RMB 400 / ton and new prices assessed around RMB 22,100 / ton.

In Chinese export market, nylon 6 chip was traded around US $2,800-2,850 / ton. This is lower by around $25 / ton in comparison with the last month.

Nylon POY price remained stable around RMB 25,300 / ton. While Nylon FDY and DTY prices moved down by RMB 100 / ton and new prices assessed around RMB 26,200 / ton and RMB 28,300 / ton respectively.

In Asian market, looking at poor fabric orders, fabric producers have lowered their operating rates to around 50 percent and nylon tire cord producers too have also started to cut production capacity due to lack of orders.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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