CPL & Nylon 6 Chip Market Morning Express (Dec 28, 2010)

CPL
On USD spot market, inquiry is relatively active. Bids are still at $2900-2910/mt, but sellers are reluctant to sell at the level. Only a few offers are heard, at $2950/mt.

On RMB spot market, the offers are at 23900-24000yuan/mt. Bids for large lots are at 23600-23700yuan/mt while that for small lots are at around 23800yuan/mt. Sellers are reluctant to sell at low levels.

Nylon 6 chips
Offers for conventional spinning chips in East China rise to 25400-25600yuan/mt, ex-works and traded at 25200-25500yuan/mt.

In North China, high speed spinning chips are offered at 26000yuan/mt by acceptance, delivered and required at the same level. Plants run at full capacity.

In Jiangsu, high speed spinning chips are offered at 25700-25800yuan/mt, ex-works and traded at 25500-25700yuan/mt.

($1=CNY 6.63)

source:CCFGroup.com