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Nylon chips prices rise in Chinese markets last fortnight
23
Jan '14
The prices of nylon chips increased in both Chinese domestic and imported markets during the last fortnight ending January 15, 2014, due to a rise in feedstock prices.
 
In the Chinese imported market, the price of high speed spinning semi dull textile grade nylon chips imported from Taiwan increased marginally and were offered in the range of US$ 2675/ton to US$ 2680/ton in the first half of the last fortnight.
 
In the second half of the fortnight, the prices increased further and were offered in the range of US$ 2690/ton to US$ 2700/ton. The average price during the fortnight worked out to US$ 2685/ton, compared to the average price of US$ 2670/ton in the previous fortnight ending December 31, 2013.
 
However, the average price of nylon chips in Chinese market decreased by 2.89 percent in the January 1-15, 2014 fortnight, compared to the average price of US$ 2765/ton observed during the corresponding period of last year.
 
On January 22, 2014, prices of nylon chips were assessed at around US$ 2700/ton CIF China.
 
In the Chinese domestic market, selling offers for high speed spinning semi dull textile grade nylon chips opened in the range of RMB 19,600/ton to RMB 19,650/ton during the beginning of the year. Thereafter the price increased and in the first half of the fortnight beginning January 1, 2014, few deals were concluded around RMB 19,700/ton.
 
In the second half of the fortnight ending January 15, 2014, selling offers of nylon chips were in the range of RMB 19,600/ton to RMB 19,700/ton, and deals were mainly concluded at around RMB 19,650/ton level.
 

Fibre2fashion News Desk - India

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