For the just past week, upstream raw material price of nylon continued to decline, Caprolatcam (CPL) fiber-grade market price fell to 23300-23400 yuan per ton, down 300 yuan per ton from the previous week, nylon slice price also fell slightly.
In Shengze and Jiaxing cities, dynamics of nylon filament market showed that the two markets were in a pattern of 'flat trade volume with weak price'.
From market trend of varieties, trading volume of Nylon-6 FDY40D/12F, 70D/24F dull was fair for the week, and prices remained stable. These products are mainly used in production of dull nylon filament, dull nylon/cotton fabrics in series. Due to price drop of raw materials, individual manufacturers of conventional nylon FDY 70 D/24F semi-filament had psychological pressure, current mainstream price declined slightly to 27700-27800 yuan per ton. Nylon semi-filament market had little transactions, showing a state of no market following quotations.
Trade volume of semi-nylon monofilament market was in parity with last week, price trend was stable. Market mainstream price of 40 D/12F Nylon-6FDY was steady, but trade volume reduced. Bright and round-nozzle nylon filament saw enlarged market volume recently. The product is mainly used in production of decorative fabrics.
Trade volume of Nylon-6 DTY40D/12F, 70D/24F was poor, downstream demand of Nylon-6 DTY100D/36F comprised small quantities. The products are mainly for the production of nylon /cotton bag fabrics to be made on jet looms.
From downstream fabrics trend, the market will enter a weak trend. Coupled with shutdown and tight funds by year-end, nylon filament demand will persistently reduce, price will be pulled back by upstream raw materials, the overall market price will show a bearish trend through smooth operation, while prices of individual nylon filaments will slightly decline.
Fibre2fashion, News Desk - China
marketing@alchempro.com
