Asian benzene prices gained on the back of firmer US benzene and crude oil prices. In US, October benzene rose while contract price for August was settled. In Latin America benzene prices dropped as prices in the US Gulf Coast continued to correct lower. In Europe, spot NWE benzene saw rise as the thin nature of the market demonstrated that any impact from the energy complex was limited.
Caprolactum markets in Asia were range bound and bearish amid cautious sentiment. Enquiries were limited due to poor demand. The softening of caprolactum sentiment and weak follow-up strength of downstream nylon yarn makers resulted in a slight drop in nylon chip prices. Demand from nylon yarn sectors was cautious amid poor terminal and limited improvement in yarn prices. Nylon filament yarn market fundamentals were somewhat balanced on the back of cautious stance among both producers and buyers. As a result, nylon yarn prices rolled over from last week.