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Nylon 6 Chip Market Weekly (May 16-20, 2011) |
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2011-5-23
| Nylon 6 chip spot price |
13-May |
20-May |
Average price |
Trend |
| High-speed spinning chip |
China-made (yuan/mt) |
29800 |
29200 |
29300 |
→↘ |
| Imported (USD/mt) |
3690 |
3580 |
3580 |
→↘ |
| Conventional spinning chip |
China-made (yuan/mt) |
28200 |
27600 |
27750 |
→↘ |
| Imported (USD/mt) |
/ |
/ |
/ |
|
| Operating rate % |
Last week |
This week |
| High-speed spinning chip |
China Mainland |
68 |
68 |
| Taiwan |
63 |
63 |
| Conventional spinning/EP/ film/staple fiber chip |
China Mainland |
68 |
68 |
| Nylon 6 textile filament yarn |
China Mainland |
90 |
87.5 |
| Chip inventory |
| Chip producers |
Medium |
| Textile filament producers |
Low |
| Market roundup |
| This week, CPL spot prices dropped largely with its USD prices down by around $120/mt. And nylon filament yarn plants only purchased in small numbers suffering from sagging sales and high NFY inventory. Nylon chip market continued with the bearish trend. |
 |
| In nylon 6 HS chip market, domestic market saw prices down continuously. High-grade semi-dull chip were offered at 30000yuan/mt by acceptance delivered, and trading prices retreated to 29500yuan/mt or slightly below. Medium-low-grade products were traded lower at 28000-28300yuan/mt by cash or 28500-29000yuan/mt by acceptance deliver, only a few lower. Imported chips from Taiwan were traded in larger volume now, with big orders traded intensively at $3580/mt or lower, and prices for small orders were higher. While, plants were mostly waiting at this level, and some counter-offers under negotiation now were low at $3500/mt or lower. |
 |
| In nylon CS chip market, low-grade fish-net, staple-grade, and engineer-plastic products were traded lower to 27800-28000yuan/mt by cash, with higher-quality traded at 28300-28500yuan/mt, few at the higher part of the range. |
| Market outlook |
| In nylon CS chip market, low-grade bright chips were offered at 27500yuan/mt, traded at the same level of slight lower, and higher-quality products were traded at 27800-28000yuan/mt. Semi-dull chips were traded higher. |
| Note: HS chips: high-speed spinning chips; CS chips: conventional spinning chips |
Source:CCFGroup
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