CPL & Nylon 6 Chip Market Morning Express (Nov 11, 2010)

CPL
On China USD spot market, the sentiment is flat. Fewer inquiries are seen as futures market fluctuates sharply and the price has hiked too quickly previously. Offers are largely at $2880-2900/mt.

On RMB spot market, also there are fewer inquires. Offers maintain at 23800yuan/mt and bids are mostly at around 23500yuan/mt.

Nylon 6 chips
Nylon 6 chip market maintains an uptrend and producers hold tight to their goods. The prevailing trading prices of high speed spinning chips and conventional spinning chips are at 25500-26000yuan/mt and 25000-25500yuan/mt respectively.

In North China, high speed spinning chips are offered at 25800-26000yuan/mt by acceptance and basically traded at the same level. In Hebei, conventional spinning chip offers climb up by 600 to 25400yuan/mt, ex-works.

($1=CNY 6.62)