Asia Nylon 6 Chips Offer High Demand To Maintain Weak Demand In October.

In Asia, right.

Nylon 6 chips are priced at US $2850-2900 / ton (2138-2175 euro / ton), CFR China price, and the latest spot price for the week ending September 21st reached US $2780-2820 / ton, and the CFR China price increased by 5.7-7.5% compared with the price at the beginning of August. This is due to the sharp rise in the cost of caprolactam, according to ICIS (International Chemical Information Consultative Organization) data.

A regional nylon 6 producer said the hope for the peak season was rather bleak.

Nylon 6 is widely used in the manufacture of socks, knitted garments, lines, ropes, filament, nets and tires.

The demand for next month is expected to be public, especially from the downstream nylon and tire sectors, but this expectation is disappearing due to the weak interest in buying.

China's long holidays also affect trade enthusiasm, and the main buyers are not involved in the purchase, market sources said.

China is the largest consumer of nylon 6 slicing in the world. China will celebrate the Mid Autumn Festival this week. It will have a national holiday in the first week of October.

Market participants say that only a few thousand tons of nylon chips are sold from Taiwan to China at a price of 2830-2850 US dollars / ton, CFR China price.

In addition, demand is also affected by the low yield of nylon yarn department in downstream Zhejiang, due to the long-term energy restriction set by the Chinese government, market sources said.

The mandatory power restriction was scheduled to end in September 13th, but extended to December, because the government hopes to achieve the goal of self setting carbon emissions.