Nylon filament market continue to trend up, polyester and viscose stable

Polyester

Polyester filament yarn prices declined sharply due to weak feedstock sentiments. This prompted downstream mills to stay on sideline or buy hand to mouth volume expecting prices to lower given the fall in PTA and MEG cost. In Zhejiang, PFY offers were fell despite low inventory and mainstream selling indications for POYs, FDYs and DTYs followed up. In Shandong, PFY prices were pinned amid mute demand while traders were reluctant to stock up given sluggish downward demand. POY offers were lowered US cents 3 with 75/72 at US$1.87-1.88 a kg in Shengze and 75/36 at US$1.85-1.87 a kg. 75/72 intermingled DTY prices were at US$2.26-2.27 a kg and 75/36 at US$2.25-2.26 a kg, down US cent 3

In Pakistan, selling indications for DTY were stable in the Karachi market, although the feedstock market went weak in the international market, while local filament market saw stable trading values and lukewarm transaction. Selling indications for 300/96 DTY intermingled local goods rolled over at PakRs80 a kg (US$1.43 a kg) while imported were at PakRs111 (US$1.99 a kg).

Nylon

Nylon filament yarn prices edged up on slightly higher nylon chip and caprolactam cost, but demand was on a need-to basis. Fundamentals were moderate on the back of normal production and passable demand. Nylon-6 POY market sentiment was good on rising cost and modest demand while nylon-6 DTY prices firmed due to higher cost. Demand for FDY and monofilament was decent. Downstream, warp-knitting, weaving and AJ covering sectors operated at 70% rate while, circular-knitting mills and lacing mills ran at 50% rate.

Offers for nylon FDY70D/24F SD were hiked to 23.60-24.10 yuan a kg (US$3.45-3.53 a kg, up US cent 1), while DTY70D offers increased to 24.20-25.60 Yuan a kg (US$3.54-3.74 a kg, up US cents 2). In India, 20 SD filament prices remained unchanged at INR280 a kg (US$3.90 a kg) in the Surat market.

Viscose

Viscose filament yarn prices were stable during the week, as producers in China mostly liquidated goods as usual, while downstream mills maintained hand-to-mouth volumes. Offers for first-class, second-class and third-class VFY 120D were seen rolling over. Offers for 120D bright VFY were stable at 39.20 yuan a kg (US$5.73 a kg), and dull at 39.85 yuan a kg (US$5.83 a kg). 300D bright were offered flat at 29.70 yuan a kg (US$4.34 a kg) and dull at 26.20 yuan a kg (US$3.83 a kg). All quotes were down US cent 1 due to weak yuan.

In India, too, VFY prices were largely stable while firm upward movement of pulp recently, producers will be keen to realize their offering prices in coming weeks. In India, VFY prices were stable in INR terms and up US cents 1 in US$ terms due to slight strength in the INR, with 100D bright VFY at INR388 a kg (US$5.40 a kg) and 450D at INR 225 a kg (US$3.13 a kg).