2010-12-16
CPL USD spot market remains firm. Most sellers still hold cargoes in hand, waiting. Few are quoting initiatively. Sell ideas are at $2860-2870/mt. It is hard for downstream plants to accept the prices, but it is also difficult for them to source low-priced cargoes.
On RMB spot market, the offers maintain at 23500yuan/mt, against discussions at 23300-23400yuan/mt. Sales are thin in the morning.
Nylon 6 chips Higher-grade high speed spinning chips are offered at 26800-27000yuan/mt and traded at 26500yuan/mt by acceptance. Taiwan-origin high speed spinning chip offers keep stable, semi-dull at $3130-3150/mt and dull chips at $3200-3230/mt. Trading volume was limited and O/R in chip plants is at 73%.
Bright medium-viscosity conventional spinning chips are traded at 25000-25200yuan/mt with a few brands at lower rates.
($1=CNY 6.66)
source:CCFGroup.com
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