2010-11-25
CPL As crude oil price rises, sellers are more confident on USD spot market. Few offers are heard and slightly more inquires emerge. Sell ideas are generally higher than $2800/mt while the buy ideas are generally below the level. Lower prices disappear from the market.
Nylon 6 chips Conventional spinning chips hold stable with trading prices at 25500-25800yuan/mt. New deals are mainly for cover. China-made higher-quality high speed spinning chips are offered stably at 26800yuan/mt by acceptance, delivered. Though few new deals heard done, plants maintain a firm mood.
The new line in Yueyang Petrochemical runs smoothly with a normal production. Yueyang Petrochemical offers high speed spinning chips and bright conventional spinning chips at 25300-25400yuan/mt, ex-works.
($1=CNY 6.66)
source:CCFGroup.com
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