In the Chinese Caprolactam (CPL) import market, June contracts were mostly settled in the range of US $2610-2630 / ton. Buying interest for domestic cargoes has seen a little bit of improvement but remained limited.
Domestic CPL prices continued to remain stable around RMB 19,800 / ton and its upstream product prices also remained stable.
Nylon chips prices remained stable at around RMB 22,500 / ton. Passive buying activities continued to grip the chip market in China, resulting in downward pressure to chip spot prices.
With slowing downstream demand, Chinese imports of Nylon 6 Chip during May fell by 16 percent and Nylon 66 Chip imports were down by 8 percent from the previous month.
Nylon FDY, DTY and POY prices remained stable around RMB 27000 / ton, RMB 29000 / ton and RMB 26200 / ton respectively.
Sluggish demand, along with the weak upstream market, will continue to drag general grade filament prices down.
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