CPL & Nylon 6 Chip Market Morning Express (Dec 29, 2010)

CPL
USD spot price edges up gradually in China. Few offers are heard and the bids are to $2910-2930/mt. Their ideas for discussion are at above $2950/mt. Few deals are done. Yesterday, one lot was heard traded at $2935/mt.

As to Jan contracts, some offshore contracts are offered at around $2950/mt.

Nylon 6 chips
Rising CPL increases higher cost pressure on chip market and chip plants gradually lift offers up.

Trading volume of higher-grade high speed spinning chips enlarges recently, previously traded at 26500-26800yuan/mt. New deals are required close to 27000yuan/mt by acceptance, delivered. Conventional spinning chips are mainly traded at 25400-25500yuan/mt.

($1=CNY 6.62)

source:CCFGroup.com