Bright conventional spinning nylon-6 offers in Asia surged US$240 a ton in the second week of December. Offers for semi-dull high-speed spinning chip were up US$270 a ton on the week.
Taiwan?origin high-speed chip offers were hiked by another US$200 a ton. High-end engineering plastics grade chip prices moved up US$260 a ton on the week.
Nylon chip prices skyrocket in line with surging caprolactum, given firm crude oil and benzene values. Producers operated cautiously, leading to tight supply and low inventory. In the meantime, converters trimmed operation and made rigid procurement.
Coupled with healthy demand for engineering plastics/film grades, nylon chip market was bolstered a bit. Thus, supply?demand fundamentals are expected to be moderate. And in turn, nylon chip markets are likely to inch up mildly following spike.
Courtesy: Weekly PriceWatch Report
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