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Globalyn ylon prices slide down

Global nylon prices have been falling. Buyers are holding off on current purchasing in the belief that prices could fall further, creating a low demand for nylon. Nearly 75 per cent of nylon is used in textiles, including textiles for making tents. The nylon fibers are spun, stretched and crimped to improve their insulation and strength. China is the world’s largest nylon producer and accounts for 55 per cent of global production, followed by the US, which produces 25 per cent. Although the US is the second largest producer, it also imports nylon from China. The synthetic polymer derived from crude oil, is the second most produced man-made fiber, with polyester being the first.

And the fibre has varied use, from pantyhose to climbing rope. Modern tents are also made from nylon. To save money, nylon can often be replaced by polyester. The production process of polyester is cheaper and prices are currently also falling due to low seasonal demand. Using polyester as a cheaper alternative may have added to the recent nylon price fall.

 
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