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Second, CS chip inventory is low in both chip plants and downstream. Until mid-Dec, downstream plants and traders still hold a small quantity of CS chip stocks, and there is plenty room for them to replenish stocks in late market. The time is uncertain, while buy power is sufficient.
The first chart is the historical price spread of nylon 6 conventional spinning chips (short as CS chip) chip and CPL since 2016, the trend has continuously spiraled up in the second half of 2021, and reached above 1,400yuan/mt in mid-Dec. And one thing should be noted that the price term of CPL RMB
