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Caprolactum price gains on strong demand

YarnsandFibers News Bureau 2016-11-08 06:02:22 –

Asian caprolactum prices gained in the last week of October with SE and FE markers up US$20 a ton while Japanese goods were flat on the week.

Sinopec settled its October contract which was down US$100 a ton from nomination for liquid goods while Fibrant announced October settlement down US$100 a ton for liquid goods.

Caprolactum values tracked upward on better demand and recovering raw materials while supply increased slightly. In China, offers for liquid goods in spot market were down while solid goods were up. Mainstream values for East European goods remained stable. Sinopec and Fibrant Chemical announced their October contract settlement down US$100 a ton from respectively nominations.

High?end contract price settled higher. Downstream converters and caprolactum makers ramped up run rate, contributing to balanced fundamentals. Coupled with mild recovery in raw material, caprolactum prices will roll over next week.

Courtesy: Weekly PriceWatch Report

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