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Bearish benzene prices push nylon 6 DTY and nylon 66 lower

During the week ending May **, ****, benzene prices declined across global. The steepest correction was recorded in Europe: FOB Rotterdam fell from $*.*** per kg (May **) to $ *.*** per kg (May **), a week-on-week (WoW) contraction of −*.** per cent. Prices across key Asian benzene markets moved lower during the week, with CFR India declining by *.** per cent to $ *.***/kg, while CFR Japan and FOB Korea each registered a *.** per cent decrease, closing at $*.***/kg. The fall of CFR India caprolactam prices below the key $*.*** per kg level is a bearish indicator for the market. It suggests increasing price pressure on caprolactam producers in South and East Asia, as this benchmark plays an important role in determining regional pricing and profitability.

Nylon * draw textured yarn (DTY) in the ** denier/** filament (**D/**F) specification, the dominant commodity grade used in sportswear, hosiery, lingerie, and technical fabrics recorded an uninterrupted four-week price decline on both the FOB China export channel and the domestic China trade channel.