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Operators reduce July CPL contract prices

16
Jul '10
In Asian market as an effect of downward trend in spot markets, major CPL producers have reduced their July contract price. New contract prices assessed around US $2,400-2,450 / ton. In Chinese market, CPL prices remained stable around RMB 19,150 / ton.

In Chinese market, Nylon chips prices moved down by RMB 400 / ton and new prices assessed around RMB 21,500. As an effect of positive movement in the upstream feedstock market, speculators expect that restocking activities will gradually recover.

Prices of Nylon POY, FDY and DTY remained stable around RMB 25,000 / ton, RMB 26,000 / ton and RMB 28,300 / ton respectively. Overall demand for nylon filament is expected to remain sluggish due to low operating rates in the downstream fabric market.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India


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