China Nylon Market Daily (12 Jan 2011)

CCF Price
Semi-dull POY86Dtex/24F:　 29,900yuan/mt
Semi-dull DTY70D/24F:　　　33,000yuan/mt
Semi-dull FDY70D/24F:　　　32,000yuan/mt

Market Review
Nylon filament yarn plants continued pushing prices up and restricted trading volume.

Trading prices of high-grade POY86Dtex/24F were at 30300-31500yuan/mt, mainly at around 30500-31000yuan/mt. Medium-grade products were traded firmly at 29500yuan/mt. Lower-grade cargos were sold at 28300-28500yuan/mt in Jiangsu.

Plants were reluctant to sell semi-dull FDY70D/24F for jet spinning below 32000yuan/mt. Semi-dull FDY70D/24F for warp weaving was traded at 32000-33000yuan/mt, mainly at 32500yuan/mt with semi-dull 40D/12F at 35500yuan/mt.

Selling rates of high-grade semi-dull DTY70D/24F stood firm at 34500yuan/mt or slightly below. Medium-grade goods were sold at 33500-34000yuan/mt but below 33500yuan/mt by cash was also available. Lower-grade goods inched up to 30500-31000yuan/mt.

Plant operation
Generally NFY O/R dipped to 87% as some migrant workers left for home and NFY inventory index kept at slightly above 14 days.

($1=CNY6.61)