Nylon Filament Yarn Market Weekly (Dec 13-17, 2010)
| Spot Price | |||||
| Description (yuan/mt) | 10-Dec | 17-Dec | Weekly average price | Trend | |
| POY86Dtex/24F | Lower-grade | 27800-28200 | 27700-28200 | 27950 | ↘ |
| Medium-grade | 29500-30000 | 29500-30000 | 29700 | ↘ | |
| Higher-grade | 30000-31000 | 30000-31000 | 30400 | ↘ | |
| DTY70D/24F | Lower-grade | 29800-30500 | 29700-30500 | 30100 | ↘ |
| Medium-grade | 32800-33800 | 32500-33500 | 33100 | ↘ | |
| Higher-grade | 34000-34800 | 34000-34800 | 34300 | ↘ | |
| FDY70D/24F | Higher-grade | 31500-32000 | 31500-32000 | 31900 | ↘ |
| Dull FDY40D/34F | 36000-37000 | 36000-37000 | 36250 | ↘ | |
| Plant Operation in Mainland China | |||||
| Operating rate (%) | Last week | This week | |||
| POY | 85 | 85 | |||
| DTY | 88 | 88 | |||
| FDY | 94 | 94 | |||
| Textile mills | 70 | 70 | |||
| Inventory | POY | Low | Low | ||
| DTY | Low | Low | |||
| FDY | Low | Low | |||
| Market Roundup | |||||
| As CPL kept rising this week, the confidence of nylon 6 filament yarn producers strengthened up and prices tended stable later after small decreases early this week. The CCF Price Index of semi-dull FDY70D/24F, semi-dull DTY70D/24F and POY86Dtex/24F were pegged at 31900, 32900 and 29500yuan/mt. The CCF NFY O/R Index ruled stable at 92%. NFY sales ratio in the majority of plants kept balanced as plants still have orders to fill while some plants who have completed orders saw rising inventory. NFY inventory index inched up to 12 days. Higher-grade POY86Dtex/24F was traded at 29500-31000yuan/mt and lower-grade cargos at 27800-28200yuan/mt with some brands lower. Trading prices of Semi-dull FDY70D/24F for jet spinning kept stable at 31500-32000yuan/mt but new deals were scarce due to quiet demand. Semi-dull FDY70D/24F for warping weaving was traded steadily at 32000-34000yuan/mt with semi-dull 40D/12F at 34500-35500yuan/mt. High-grade semi-dull DTY70D/24F was mainly traded at 34000-34500yuan/mt with a few brands required higher at above 35000yuan/mt. Medium-grade cargos were traded at 32500-34000yuan/mt, mainly stable at 33000-33500yuan/mt. Selling rates of lower-grade goods were at 29500-31000yuan/mt, mainly at 30000yuan/mt. | |||||
| Market Outlook | |||||
| Nylon 6 filament yarn market turned weak since Mid Nov and may keep so in the short term. Plants who finished orders began to feel inventory pressure. CPL performed well this week and big plants still have ample orders so nylon 6 filament yarn may consolidate or dip a bit next week. CPL, product inventory and capital status are major influential factors. | |||||
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