Nylon textile value chain stable but may see prices dropping soon

News Tags: Benzene price, caprolactam price, nylon filament price, nylon textile price

Mumbai
Nylon textile value chain stable
Summary: 
Asian benzene prices marker rose US$12 on last Friday and US$23 week on week, to be assessed at US$1,244.50-1,245.50 a ton FOB Korea in the week ended 21 March, tracking firmer prices in the US. Prices were softer earlier in the week, but as western goods started climbing supporting Asian numbers.

Asian benzene prices marker rose US$12 on last Friday and US$23 week on week, to be assessed at US$1,244.50-1,245.50 a ton FOB Korea in the week ended 21 March, tracking firmer prices in the US. Prices were softer earlier in the week, but as western goods started climbing supporting Asian numbers. In Europe, as benzene inventories remained low and spot prices continued to be prone to sharp swings. Assessments for spot barges were heard at US$ 1,384.50-1,385.50 a ton FOB Rotterdam while CIF ARA numbers were at US$1,374.50-1,375.50 a ton, both up US$12 from last week.

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