Weekly Report: Nylon Yarn (10/31~11/4)
Author: Nov 07, 2011 14:20
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Nylon yarn market last week is weak. Currently quotations on the market are in disorder, but for the low priced feedstock and insufficient downstream demand, nylon yarn price downtrend will continue. The mainstream FDY70D/24F is offered at 31600-32000CNY/t, dropping by 400CNY/t. Semi-bright nylon yarn sale is just on average, while the full dull nylon yarn sales well on the market, but also its price draw amount is enlarged. As for POY, the low classed is offered at 29000CNY/t. Manufacturers said, chips price will continue downward, in addition with a weak downstream demand, its price may be further weakened. DTY demand is relatively low, with its medium class offered at 34000-35000CNY/t.
On feedstock aspect
Last week, CPL price tended to stabilize. Early of last week, its enquiry for quotation atmosphere is improved, but its price went down to $3040/t, dropping by $10/t. After then, its price was maintained at the level. As for the domestic quotation, its price dropped by 200CNY/t to 25400CNY/t. For its market demand weakened, and the Greece referendum has caused a big volatility, the future macro environment is still not optimistic. Therefore, CPL price is not likely to rebound in the future.
Nylon Chips: Chips’ price this week is still on the low side. Previously, curb from CPL is removed. Currently, the high speed spinning semi-bright chips price is around 27600CNY/t, high class products is offered at 28300CNY/t, and Taiwan cargo is offered at $3400/t. Market mainstream bright normal spinning is offered around 27000CNY/t.
On demand aspect
For the fabric trade is generally not flourishing, nylon yarn made fabric orders are few. As for its greige, manufacturers said the current marketing is not ideal, and downstream buyers are mostly buy in according to needs, and the procurement quantity is small. Currently its price room is around 0.1~0.2CNY/m. Weaving plants are generally on meager profit when the feedstock price went down. Now its operation rate is around 60%.
Sum up
To sum up, the macro economy will in a fluctuate mode in the short term, and feedstock price will also mainly consolidate. Investors are lack of confidence, and downstream demand seems not to recover in a short term. Therefore, nylon yarn market will mainly consolidate at a low price level, and its price can be further negotiated.
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Editor: Candy From: 168Tex.com
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