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Daily round-up of Asian nylon value-chain

29
Jun '10
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.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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