Asian markers, the SE and FE remained flat in the last week of June. In China, offers for liquid spot rolled over while solid goods offers were up US$30 a ton on the week.
Sinopec further raised its June nomination which was up US$15 a ton from last week for liquid goods.
Caprolactam prices stayed firm that week on the back of range?bound raw materials benzene cost while demand was still weak. Run rates of polymerization units were down and inventory level was down to 7 days’ worth.
Yarn makers cut their run rate as inventory was up at 30?35 days’ worth. Producers pushed for higher prices on existing losses. In China, offers for liquid goods were quoted flat while those for solid goods were hiked. Mainstream values for East European and Japanese goods rolled over.
Courtesy: Weekly PriceWatch Report
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