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Chinese nylon chips trends fall marginally this week
22
Aug '14
During this week, Chinese prices of nylon chips declined marginally on account of weak market sentiments.

Demand for the product was poor and hence there were thin trading activities during this week, due to which the downstream Chinese market reported bearish demand.

Selling offers for high speed nylon chips imported from Taiwanese port went down and were offered in the range of US$ 2555/ton to US$ 2565/ton.

Many pessimistic sellers kept their selling offers around US$ 2560/ton but few deals were concluded at this level.

In the Chinese domestic market, selling offers for nylon chips were quoted in the range of RMB 19,700/ton to RMB 19,800/ton in the initial days of the week.

However, they slipped to RMB 19,500/ton to RMB 19,600/ton on August 22.

Fibre2fashion News Desk - India

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