China’s August nylon chip imports up by 0.7% from July

25 September 2012 10:21  [Source: ICIS news]

SINGAPORE (ICIS)--China’s nylon (or polyamide) chip imports increased by around 362 tonnes, or 0.7% month on month in August because of restocking activities, said market sources on Wednesday.

The country imported 53,108 tonnes of nylon chips last month, according to China Customs data.

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

The average prices of nylon chip imports in August were at $2,654/tonne (€2,043/tonne), down by around $123/tonne from July, while the average prices of capro were at $2,292/tonne for August, down by around $102/tonne from July, according to China Customs data.

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

($1 = €0.77)

By: Hazel Goh

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly