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Chinese nylon raw material market remains weak
21
Nov '12
Nylon raw material market continues to remain weak in China owing to insufficient demand from downstream buyers.
 
In East China, conventional nylon chip prices are currently hovering in the range of 18,500-19,200 yuan/ton, in terms of cash payment, while lower negotiated price is 18,300 yuan/ton.
 
Overall, the nylon chip market in China remains dull, as downstream manufacturers are buying cautiously.
 
In Jiangsu and Shandong markets, the prices of nylon high-speed spinning chips are being discussed in the range of 19,300-19,500 yuan/ton, in terms of cash payment.
 
Thus, Chinese nylon raw material market continues to remain flat and downstream manufacturers are steadily buying goods only when their stocks are about to exhaust or when the market price is slightly weak.
 

Fibre2fashion News Desk - China

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