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Demand continues to be weak in China's nylon chip market
21
Nov '11
Overall demand continued to be weak in China's nylon chip market. The offer price for conventional spinning nylon chips was 25,500-26,000 yuan/ton in East China. There were queries at lower price level of 25,200 yuan/ton. The price level remained flat and the operation rate remains at 40-60 percent in Jiangsu province.

The offer price for high-speed spinning nylon chips (semi-dull) was 26,200-26,800 yuan/ton in Jiangsu market, in terms of acceptance in three months and shipment to be made by buyers. The demand remained flat and ex-factory prices show slight decline in varying degrees.

Similarly, high-speed spinning chips (semi-dull) produced by Huanan were priced at 26,800-27,000 yuan/ton in Zhejiang province, in terms of acceptance in three months and delivery to destination. However, buying interest was not high and operation rate remains at 60-70 percent. A new plant with annual production capacity of 30,000 tons is expected to become operational in late November.

Fibre2fashion News Desk - China

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