CPL & Nylon 6 Chip Market Morning Express (Nov 25, 2010)

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