The July nylon textile filament (NFY) market in China showed divergence from last year.  Compared with 2015, the NFY market tracked a similar trend in January to March 2016 to rise up after a decline. But the downtrend began earlier than last year to fall from early May, and NFY prices were pushed up slightly in July amid deficit pressure from a surging feedstock. However in 2015, NFY prices began falling in end June and speeded up decline in July.

It is one year since the meeting of non-credit sales by eight NFY leading companies. Most enterprises have already made a conscious attempt to control credit deals, but to totally solve the arrear problem by end 2016 is very hard. Though the growth rate of account receivables in January to July 2016 is significantly lower than the same period last year, the arrears left before the 2016 spring festival were much higher than before, so the overall account receivables remain high.
　
Despite a higher run rate of 60 to 70 per cent in off-season, NFY demand not only comes from downstream hand-to-mouth purchasing, but also to prepare stocks in advance. Therefore, the August demand will be lighter after the transient increment, and NFY plants are suggested to control potential risks.