Caprolactum price declines on soft demand

YarnsandFibers News Bureau 2016-05-17 11:07:56 –

In China, liquid spot was down US$30 a ton in the first week of May while solid goods offers fell US$95 a ton. Asian markers, the SE and FE markers fell US$30 a ton on the week.

Fibrant settled April at US$1,680 a ton, down US$15 from nomination for liquid goods. High-end good for May were yet to be released.

Caprolactum prices declined that week on soft demand and nominations were revised down, implying weak market conditions. In China, liquid goods offers were quoted down while discussions remained tepid. Mainstream prices for solid goods also declined sharply on the week.

East European and Japanese goods were cheaper than last week. In China, producers cut run rates, which may shrink supply in coming weeks amid slow demand.

Run rates of polymerization units were down and inventory level was up to 8 days’ worth. Yarn makers were running at modest rate with high inventory.

Courtesy: Weekly PriceWatch Report

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