The last two weeks of April witnessed nylon chips and nylon filament yarn prices going downhill for the entire period.
In the period, offers for nylon chip declined due to negative market fundamentals.
During the first half of the reporting fortnight, price of nylon chip fell mainly because of dull sales in downstream market.
By the end of that week, bearish sentiment continued in the market due to lack of support from feedstock market.
In the second half of the fortnight, selling offers further declined due to weak support from feedstock price and downstream market.
Nylon filament yarn market also continued to follow the downward trend this time in USD based Asian market.
There was no sign of improvement and prices dropped during the whole of the fortnight.
It is expected that nylon filament yarn price will remain stable-to-soft due to moderate demand in the short run.
Fibre2fashion News Desk - India
marketing@alchempro.com
