Supplier quotations amounted to $3000, and Asian nylon slicing buyers disappeared.

Buyers of semi dull nylon slicing in Asia chose to wait and see in most of the May, as manufacturers pushed prices to new heights, market sources said on Thursday.

In the early May, when the price of semi dull nylon chips was reported to $3000-3050 / ton CFR China price, there was a slump in sales. Suppliers said the high quoted price was due to the high cost of caprolactam for nylon slicing.

In June 1st, the price of spot nylon chips remained at a high level of 22 months, about 2900 US dollars / ton, CFR China price, which was kept at this price for the fourth consecutive week, according to the price data of ICIS.

A trader in Taiwan said, "we think the price of 3000 US dollars / ton CFR is too expensive.

With the decline in benzene prices, the 2900 US dollar / ton CFR China price may be recognized by more people.

We still need to monitor this situation.

In May, the contract price of caprolactam increased 7% from April to 2700-2720 US dollars / ton, and the price of CFR Northeast Asia appeared in March 2005, according to the price data of ICIS.

On Wednesday, June, the contract price of caprolactam still reached the highest price of five years, 2700 US dollars per ton CFR Northeast Asia price, and nylon slicing production company wanted to raise the price of the product higher, industry sources said.

But in the past three weeks, the sluggish sales of nylon chips forced some production companies to cut their operating rates to 60%, industry sources said.

Nylon 6 is officially used for socks, knitted garments, lines, ropes, filaments, nets and tires.

The peak production of the downstream textile sector has ended, eliminating the support for the strong demand for nylon chips Market, but the demand from the tire sector remains stable, industry sources said.