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Demand for CPL expected to be robust
09 Sep '10
1 min read
In Chinese market Caprolactam (CPL) price remained stable around RMB 21950 / ton. With the gradual recovery of the downstream markets, restocking demand from end-users is expected to remain robust. However, speculative buying activities could remain limited due to the high spot prices.
In Chinese market nylon chip price moved up by RMB 100 / ton and new price assessed around RMB 24000 / ton. In order to restore workable margins and no inventory pressure, chip producers may continue to push prices higher.
In August, with slowdown in demand from downstream, Chinese imports of nylon 6 and 66 chip, declined by 26 percent and 8 percent respectively, from that in July 2010.
Nylon FDY and DTY price remained stable around RMB 27600 / ton and RMB 29000 / ton respectively. Nylon POY price increased by RMB 100 / ton and its new price stood at around RMB 26400 / ton. Filament prices are projected to increase under sustained cost pressure and comfortable inventories of the suppliers.
Click here to view and compare daily price trends.
In Chinese market nylon chip price moved up by RMB 100 / ton and new price assessed around RMB 24000 / ton. In order to restore workable margins and no inventory pressure, chip producers may continue to push prices higher.
In August, with slowdown in demand from downstream, Chinese imports of nylon 6 and 66 chip, declined by 26 percent and 8 percent respectively, from that in July 2010.
Nylon FDY and DTY price remained stable around RMB 27600 / ton and RMB 29000 / ton respectively. Nylon POY price increased by RMB 100 / ton and its new price stood at around RMB 26400 / ton. Filament prices are projected to increase under sustained cost pressure and comfortable inventories of the suppliers.
Click here to view and compare daily price trends.
Fibre2fashion News Desk - India
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