The USD/RMB exchange rate has been rising continuously since the beginning of 2023, with a lowest point seen in Jan at 6.73, and has gone beyond 7.1 entering June. This injects some favorable condition for export of nylon textile filament.

The USD/RMB exchange rate has been rising continuously since the beginning of 2023, with a lowest point seen in Jan at 6.73, and has gone beyond 7.1 entering June. This injects some favorable condition for export of nylon textile filament.

Nylon 6 textile filament export has been lingering a negative zone during Apr-Jun 2023, with only narrow increase in Jan and Mar. This has indicated a quite bad situation for the first half of 2023. Though export in Jul has recovered a increasing trend, with year-on-year growth rate of 7.5%, the cumulative year-on-year change for the first 7 months in 2023 was negative at -4.1%.