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CPL & nylon chip prices ascend

22
Jul '10
In Chinese market, Caprolactam (CPL) prices again raised by RMB 100 / ton and new prices assessed around 19,400 / ton. Increasing buying activity exerted upward pressure on CPL prices. Its upstream product prices also followed upward trend.

In China, Nylon chips prices moved in parallel with its upstream product prices and rose by RMB 100 / ton, new prices assessed around RMB 21,500.

The average operating rate of nylon chip plants is currently around 60 to 65 percent. With high inventory pressure and no significant improvement in sales, chip production output is not likely to increase in the short term.

Prices of Nylon POY, FDY and DTY prices also remained stable around RMB 24,800 / ton, RMB 25,800 / ton and RMB 28,200 / ton respectively. With improved prices of upstream products, speculators expect a rebound in nylon filament prices.

Click here to view and review daily price trends.

Fibre2fashion News Desk - India


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