NFY transaction in Aug hit year-to-date lowest

August used to be the transitional month from traditional slack to peak season. Actually, downstream has already begun to warm up early in Aug. However, the resurgence of COVID-19 cases in Nanjing, Yangzhou, Zhangjiajie and Zhengzhou, etc., and outside China, had put downstream interest down. Facing the uncertain consumption and high cost pressure of the other raw material spandex, weaving and spinning mills held strong risk-prevent attitude, and focused on digesting previous stocks and only restock at need-to basis. Under this circumstance, purchasing volume of nylon 6 textile filament had evidently dropped.