In Chinese market Caprolactam prices continued to follow downward trend, prices moved down by RMB 400 / ton and new prices assessed around RMB 20000 / ton. Indian firm FACT restarted its Kochi based facility, which has nameplate capacity to produce 50,000 ton/year CPL.
Nylon chips prices dropped by RMB 200 / ton and new prices assessed around RMB 22800 / ton. Price of main feedstock also continued to decline. Buying activity turned slow as more and more buyers stayed aside from the market.
Nylon POY, FDY and DTY prices have remained stable at around RMB 26700 / ton, RMB 27800 / ton and RMB 29600 / ton respectively. Market speculators wait for fall in Nylon filament products on softening feedstock chip prices.
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Fibre2fashion News Desk - India