In Chinese market Caprolactam prices continued to follow downward trend, prices moved down by RMB 100 / ton and new prices assessed around RMB 19900 / ton.
Upstream market continued to follow corrections. Caprolactam buyers waited for direction from contract market and followed wait and see stance.
Nylon chips prices remained steady around RMB 22800 / ton. Price of main feedstock continued to decline.
Nylon chip producers excited to buy raw material, as prices turned weak, but still they followed their buying activity sporadically in small volumes.
Nylon POY, FDY and DTY prices have remained stable at around RMB 26700 / ton, RMB 27800 / ton and RMB 29600 / ton respectively.
Major filament yarn manufacturers started buying of raw material according to their needs, while few are still following wait and watch stance due to unstable upstream prices.
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Fibre2fashion News Desk - India
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