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.
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Fibre2fashion News Desk - India
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