In Chinese market, Caprolactam (CPL) prices remained stable around RMB 19,150 / ton. Buying activity for domestic cargoes remained low.
The short-term trends of the CPL market are not optimistic, given the current inactive downstream markets. Also market speculators do not expect buying interest to recover in the near future.
In Chinese market, Nylon chips prices remained stable around RMB 21,900. With no positive support from both upstream and downstream markets, speculators expected the Chinese Nylon chip market to continue on a downward trend.
Prices of Nylon POY, FDY and DTY remained stable around RMB 25,000 / ton, RMB 26,000 / ton and RMB 28,300 / ton respectively. Nylon filament prices are likely be under downward pressure on the back of poor demand and the weak feedstock market.
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Fibre2fashion News Desk - India