03 May 2012 09:37 [Source: ICIS news]
May offers were around $70-100/tonne (€53.2-76.0/tonne) lower than April settlements at $2,650-2,700/tonne CFR (cost & freight) NE (northeast)
“No progress will be made in [the] next few days’’, a northeast Asian nylon chip maker said of the discussions.
“Holidays in the region also contributed to slow negotiations,’ a northeast Asian producer said.
In the week ended 1 May, downstream semi dull nylon chip (polyamide) prices in
A major northeast Asian nylon chips maker said it was hardly able to break even at $2,900/tonne and capro makers are asking for contracts priced from $2,650/tonne.
Nylon chips makers typically need a spread around $300/tonne between capro and nylon chips prices to maintain margins.
($1 = €0.76)
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