Nylon filament yarn market was more passive in October

Nylon filament yarn market was more passive in October. After the National Day, the price of raw materials for the contract rose twice by 400yuan/mt. Under the cost pressure, NFY factory also tentatively raised their offers in line. However, demand weakened month-on-month in October, and fabric factory did not respond to the price increase, and continued to purchase on need-to basis. With the gradual end of the delivery of orders received in September, the new order taking in October was not ideal, and NFY inventory continued to rise.

Compared with the pressure of losses brought by rising cost, NFY plants were more eager to sell goods to reduce inventory.

As a result, NFY prices had almost stayed flat in October, and prices of some products with high inventory even fell slightly. The spread between NFY with raw materials was pressed to a low level again.

NFY plants had not only bear the pressure of losses after the upstream price increase, but also suffered rising stocks due to weakening demand.