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Nylon DTY & FDY stable, POY increases
03
Aug '10
In Chinese market, Caprolactam price remained stable around RMB 21200 / ton. In Asian market, operational rates are expected to increase marginally in August to around 75-80 percent. However spot supply may remain tight in the coming months due to production cuts and scheduled maintenance or turnarounds in many units.

In Chinese market, Nylon chips moved up by RMB 100 / ton and new price assessed around RMB 23100 / ton. In Asia, Nylon chip manufacturers have gradually ramped up their operating rates to 45-50 percent this week, due to recovery in demand and comfortable chip inventory. Few integrated chip producers are still maintaining their operating rates at around 80 to 90 percent.

Price of Nylon DTY and FDY remained stable around RMB 28200 / ton and RMB 26000 / ton, respectively. Price of Nylon POY rose by RMB 100 / ton and its new price assessed around RMB 25100 / ton. In Asia demand for industrial yarn has slightly improved but is still far from encouraging due to the lethargic downstream markets.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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