Nylon Tire Yarn prices (NTY) prices moderately moved up by xx in the given first half of September due to moderate demand before NE Asia goes for autumn holidays. The headwinds from August persists as Indian markets remained relatively subdued. The drop in NTY prices recorded in Indian markets remained significant, x.xx month over month in August, have not been able to recover the previous levels for NTY. Spreads for imports have been increasing across the markets in APAC as oversupply and easing of demand continues partially due to credit situation and partially due to floodings and typhoons hitting China, Korea and parts of SE Asia. NTY markets, which serve as a major constituent of end-use automotive sales, however, have been facing headwinds comprising of lower demand, higher lead times and high input cost.
From supply perspective, the prices of Caprolactam dropped in August due...
