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CPL trends stable. Nylon filament yarn down

12
Jul '10
In Chinese market, caprolactam (CPL) prices remained stable around RMB 19,150 / ton. In order to stabilize the CPL market, Sinopec has nominated July contract price at RMB 20,600 / ton, an improvement from the June settlement.

In Chinese market, nylon chip prices remained stable around RMB 22,100. In Asian market also, slowing buying activities and a sliding feedstock market, kept chip prices under downward pressure.

With a slight downfall in nylon filament yarn prices, new prices of POY, FDY and DTY assessed around RMB 25,100 / ton, RMB 26,000 / ton and RMB 28,300 / ton respectively.

With slowing demand and increasing inventory pressure, nylon textile grade filament producers and nylon industrial yarn producers have started to cut production rates.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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