Caprolactam prices moved down by RMB 50 / ton and its new prices assessed around RMB 19150 / ton. While upstream market continued to have minor corrections. Due to uncertain future trends, market speculators were found to be avoiding trading.
Nylon chips prices remained stable around RMB 22500 / ton. Declining sales volume of textile grade, high speed spinning semi dull Nylon chip, pressurized the sellers to reduce prices.
Nylon Filament Yarn prices moved down by RMB 300 / ton and new prices of Nylon POY, FDY and DTY assessed around RMB 25500 / ton, RMB 26500 / ton and RMB 28500 / ton.
Softening feedstock values made the prices weaken, and downstream demand was lusterless, but producer's profit margins improved to some extent.
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Fibre2fashion News Desk - India
marketing@alchempro.com
