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Chinese CPL spot offers turn bullish
05
Aug '10
In Chinese market, Caprolactam (CPL) prices remained stable around RMB 21500 / ton. Driven by tight spot availability and emerging demand, the domestic spot market remained bullish, and spot offers rose to RMB 21200-21700 / ton.

Nylon chips prices remained stable around RMB 23100 / ton. Due to higher feedstock price and emerging restocking demand, sales continued to improve significantly and nylon chip inventories have gradually decreased to around 15 to 17 days.

Nylon POY, FDY and DTY prices remained steady around RMB 25100 / ton, RMB 26000 / ton and RMB 28200 / ton respectively. In Chinese market aggravated by the rush in the feedstock markets, sales of nylon filament improved moderately and inventories gradually decreased to a comfortable level.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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