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CPL & Nylon 6 Chip Market Morning Express (Nov 12, 2010)

2010-11-12

CPL
China USD spot market holds steady in the morning. Few offers are heard. Meanwhile, fewer buyers are inquiring as well as futures market slumps. Discussions are still at $2870-2880/mt, but not many discussions are seen as well.

On RMB spot market, the offers are at 23800yuan/mt, against discussions at 23600-23700yuan/mt.

Nylon 6 chips
The mainstream prices of conventional spinning chips and high speed spinning chips are at 25500-25800yuan/mt, ex-works and 25800-26300yuan/mt. Producers control trading volume and are active to push prices up.

High speed spinning chips are offered at 26800yuan/mt by acceptance in South China, higher-quality goods at 26500yuan/mt in East China and 26000yuan/mt by acceptance or cash in Jiangsu and North China. New deals for better-quality goods are done at 26300-26500yuan/mt and medium-quality goods at 25800-26000yuan/mt. In East China, bright conventional spinning chips are offered at 25800-26000yuan/mt and traded at 25500-25800yuan/mt. Semi-dull chips are offered at 26500yuan/mt and traded at 26300yuan/mt, ex-works.

($1=CNY 6.62)

 

source:CCFGroup.com

 
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