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Nylon chips prices fall in Chinese market last fortnight
23
Nov '13
The average price of nylon chips fell in the Chinese market to US$ 2,685/ton, a decrease of 0.3 percent compared to the average price of US$ 1,695/ton in the previous week. On a year-on-year basis, the price decreased by 1.65 percent.
 
The decline in prices of nylon chips was due to unfavourable market fundamentals.
 
In the Chinese market, the average price of nylon chips imported from Taiwanese port was at US$ 2,690/ton in the last fortnight ending November 15, which was 0.74 percent lower compared to the average price of US$ 2,710/ton recorded in the previous fortnight ending October 31.
 
The selling offers for high speed spinning semi dull textile grade nylon chips declined in the first half of  the last fortnight and were quoted in the range of RMB 20,200/ton to RMB 20,300/ton, but counter offers prevailed in the range of RMB 20,200/ton to RMB 20,220/ton, in the Chinese domestic market.
 
During the second half of last fortnight, selling offers for high speed spinning semi dull textile grade nylon chips declined and were offered in the range of RMB 20,000/ton to RMB 20,100/ton, but deals were mainly concluded in the range of RMB 20,000/ton to RMB 20,050/ton.
 

Fibre2fashion News Desk - India


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