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Costs of nylon chips, filament yarn anticipated to rise: TexPro

Prices of nylon chips, filament yarn expected to rise: TexPro

The prices for nylon chips (CFR SE Asia) and nylon filament yarn (FDY 70D / 24F, FOB NE Asia) could rise in the coming months due to rising prices for benzene and caprolactam and high demand from the downstream industry. The filament price fell in April 2021 due to an unclear price trend for raw materials and limited downstream procurement.

The market for nylon chips and nylon filament yarns was supported by higher prices for benzene and caprolactam as well as rising crude oil prices in the first quarter of 2021. The USD caprolactam contracts also supported the price increase. Players had stocked up on chips and yarn before the Chinese New Year and were expecting demand for the Chinese holidays to surge.

The price of nylon chips, CFR SE Asia, remained low at $ 1,769.52 per ton in January 2021, but rose 20.22 percent from January 2021 to $ 2,127.39 per ton in the first quarter. It is projected to rise $ 33.03 percent to reach $ 2,830 per tonne in June 2021 above the March 2021 price The TexPro market intelligence tool from Fibre2Fashion.

The price of nylon filament yarn, FDY 70D / 24F, FOB NE Asia, was $ 2.35 per kg in January 2021. It rose significantly by 19.57 percent to $ 2.81 per kg in March 2021, but fell by 3.56 percent in April 2021 and is expected to recover slightly, according to TexPro, to reach $ 2.73 per kg in June 2021.

Fibre2Fashion News Desk (KD)

The prices for nylon chips (CFR SE Asia) and nylon filament yarn (FDY 70D / 24F, FOB NE Asia) could rise in the coming months due to rising prices for benzene and caprolactam and high demand from the downstream industry. The filament price fell in April 2021 due to an unclear price trend for raw materials and limited downstream procurement.

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