China’s July nylon chip imports up by 39% from June

22 August 2012 09:20  [Source: ICIS news]

SINGAPORE (ICIS)--China’s nylon (or polyamide) chip imports increased by 39% month on month to 14,821 tonnes in July because of restocking activities, said market sources on Wednesday.

The country imported 52,746 tonnes of nylon chips last month, according to China Customs data.

However, weak demand and falling upstream caprolactam (capro) costs lowered the price of the imported cargoes, according to market sources.

Average prices for nylon chip imports in July were at $2,777/tonne (€2,221/tonne) – down by around $186/tonne from June, or 6.3% month on month.

Derivative downstream nylon yarn demand has remained weak amid China’s slowing economy, market sources said.

($1 = €0.80)

By: Junie Lin

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