Second, the production cut in CS chip gradually burdened down CPL market. Since October, CPL RMB spot has been dropping continuously. Though it is triggered by the slump in coal price, CPL new capacity and limited downstream production and demand also attribute to the price decline. During this peri
When the first time Sinopec raised the CPL contract nomination by 300yuan/mt, downstream nylon textile filament plants did not follow up. Cloth sales was difficult and buyers put strong resistance toward price increase of NFY, and most NFY plants chose to take the higher cost themselves in order to