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Caprolactum market witnesses cautious buying sentiment

YarnsandFibers News Bureau 2017-11-17 09:45:46 –

In the first week of November, the SE and FE Asian caprolactum markers on the lower end jumped US$50 a ton as compared to last week. Meanwhile in China, spot liquid good offers were down US$135 a ton on the week while solid goods fell US$118. Sinopec and Fibrant raised November nomination for liquid goods as compared to last month.

Caprolactum prices saw mixed trends despite slightly high benzene cost during the week. In China, CPL offers declined that week as downstream demand was modest. Traders actively liquidated volumes on existing profit margins. As a result, CPL market slipped amid cautious demand.

Hengyi started-up its 100,000 new CPL line and planned to ramp up the rates. The daily output of its three lines were at 900 tons.

Hubei Sanning had planned to shut its 140,000 CPL plant on 7 November for maintenance for three days.

Courtesy: Weekly PriceWatch Report

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