is nylon 6 chip import decreasing generally under China's expansion

By the end of the third quarter of 2019, the total nylon 6 chip capacity in Chin has increased by 20.6% compared with the figure by the end of 2018, to 820,000tons/year. However, peak demand circle has passed, and consumption of nylon textile filament and staple fiber tumble in 2019, while that of engineering plastic and film only grow moderately, and the number is far outpaced by nylon 6 chip capacity expansion.

Over the past 9 months in 2019, China domestic nylon 6 chip players have been through numerous fierce competitions. What about nylon 6 chip imports? Is the volume contract generally as expected?

According to the Customs, China imported 23.92kt nylon 6 chip (H.S. code 39081012, including virgin and nylon 6 chip compound) in August 2019, down 29.61% from the same period of last year and down 19.57% from the previous month. In January-August 2019, the accumulated nylon 6 chip imports had reduced by 11.2%.