+917718880355

Insights

Caprolactum price gains on increased demand in Asia

YarnsandFibers News Bureau 2016-11-22 05:08:33 –

Asian caprolactum prices gained US$20 a ton SE and FE in the second week of November while Japanese goods were flat on the week. In China, spot offers for liquid goods were up US$75 a ton while solid good offers were up US$35 a ton.

Caprolactum prices marched higher given increased demand, recovering raw materials and shrinking supply as producers in China cut run rate to 85.5% this week. Liquid caprolactum offers in spot market were up US$75 on the week while mainstream price for solid goods gained US$35 a ton.

Sinopec and Fibrant raised their November nominations, seeing spot spurting this week. Sinopec raised its November nomination which was up US$20 a ton from previous week for liquid goods.

Meanwhile, demand increased as run rates of polymerization units were at 80% and inventory level down to 4 days’ worth. Run rates at yarn makers were up, with inventory at 25?30 days’ worth.

Courtesy: Weekly PriceWatch Report

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
👋 Hello