Asia nylon prices seen stable on weak buying momentum

Source: ICIS News

2019/04/16

SINGAPORE (ICIS)--Asia’s nylon chip prices were stable in the week on tepid import buying in China.

Northeast Asian sellers maintained offers for nylon chips at around $2,050/tonne CFR (cost & freight) China in the week, but attracted muted buying interest.

In China, persistently high inventory levels that have been slow to digest have diminished buyers’ needs to procure cargoes from the import market.

Typically, Chinese demand for nylon grades is seasonally healthy in March and April, but buying momentum this year has been uncharacteristically weak due to high stock levels.

Asia’s nylon chip prices were unchanged for a third consecutive week at $2,040-2,050/tonne CFR China in the week ended 9 April, according to ICIS data.