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Chinese prices of CPL & nylon chips rise
02
Aug '10
In Chinese market, Caprolactam price moved up by RMB 200 / ton and new price assessed around RMB 21200 / ton. In Asian market, August contract price nominations have not been posted till date, but the figures could be around US $2500 / ton. Speculators expect that Caprolactam prices will continue to follow upward trend under the pressure of tight spot supplies.

In Chinese market, Nylon chips moved up by RMB 800/ton and new price assessed around RMB 23000/ton. In Asian market prices for high speed spinning SD Nylon 6 chips increased slightly and price assessed around $2630-2650 / ton. Improved demand against low profit margins and high cost pressure forced chip producers to push prices on the higher side.

Price of Nylon DTY bounced back by RMB 200 / ton and new price was quoted at around RMB 28200 / ton. Price of Nylon FDY and POY also followed upward trend, new prices assessed around RMB 26000 / ton and RMB 25000 / ton, respectively. Rising prices of feedstock pulled the prices of filament on higher range but modest levels of downstream product demand, dampened the rise.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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