In China, liquid good offers were up US$40 a ton in the last week of November while solid goods were at US$1,640-1,660 a ton.
Sinopec’s November contract settlement was at US$1,650 a ton for liquid goods.
DSM Nanjing’s settlement for November was at US$1,690 a ton for solid goods.
Asian markers, the SE and FE fell US$50-70 a ton with buying indications at US$1,250 a ton and sporadic offers at US$1,300 a ton.
Trading values for East European goods were down US$50 a ton.
With benzene tracking uptrend, caprolactam markets fired up that week with some deals concluded amid reduced supply.
Downstream demand was weak with run rates of polymerization units decreasing and inventory level drifting to 7 days’ worth.
Yarn makers ramped up run rates owing to decent demand for staple fiber, with inventory still at 28 days’ worth.
November contract settlements for high-end good were yet to be announced.
Courtesy: Weekly PriceWatch Report
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