2010-12-29
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
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