Nylon Filament Prices Move Up

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Caprolactum markets were insipid and contract markets favorable in Asia. Upstream, both crude oil and benzene markets, edremain sluggish supporting caprolactum markets to remain flat to up in terms of trading volumes and prices. Asian markers moved up US$10 this fortnight week with SE and FE Asia at US$2,070-2,120 per metric ton while in China, spot prices for liquid goods rose to 16,500 Yuan per metric ton (US$2,580 per metric ton, up US$25) while flake goods gained at 16,800 Yuan per metric ton (US$2,625 per metric ton, up US$10). In Europe, June caprolactum contract negotiations started with players mulling rising upstream costs, stable demand, and balanced-to-tight supply. May contracts had settled at an increases of Euro 5 in the range of Euro 2,240-2,401 per metric ton FD NWE.


Nylon filament yarn prices continued to move up, sending yarn markets further up on rising chip price while caprolactam spot remained insipid. Downstream textile producers operated at low rates but nylon yarn buying appetite was strong, leading to good demand for FDY, DTY and POY. Demand for cord fabric and monofilament was good, while that for fishing net yarn and staple fiber was modest. Nylon FDY70D/24F SD prices surged to 23.00-23.50 Yuan per kg (US$3.59-3.67/kg, up US cents 15), while DTY70D prices increased to 23.30-24.30 Yuan per kg (US$3.64-3.80/kg, up US cents 12). Nylon staple fiber 1.5D prices were at 19.80-20.50 Yuan per kg (US$3.09-3.20/kg).


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