Shanghai (China): Nylon Tire Yarn (NTY) prices have risen sharply in May xxxx as freight disruptions intensified across major markets in APAC and the Far Eastern regions. Prices rose by USD xx-xx/MT compared to April xxxx, according to ChemAnalyst assessments. Despite this increase, volume growth was observed in China, Japan, and Malaysia in May. However, Indian markets experienced a reversal in volume gains due to high inventory stocks. ChemAnalyst highlights a significant shift observed in the NTY markets in APAC.
NTY prices in the Asia Pacific region remained largely stable in April, a trend that began in late March xxxx due to higher Nylon xx prices and strong demand in the Chinese market, which squeezed supply. The increased demand in China post-Labor Day holidays led to higher NTY export prices quoted in May. NTY prices surged due to rising end-use demand from downstream tire industries as global...
