In China, liquid good offers edged up US$45 a ton in the third week of October.
Asian markers, the SE and FE were up US$20 a ton while trading values for East European goods were at US$1,330-1,380 a ton.
Sinopec upped its contract settlement for October to US$1,810 a ton (up US$45) for liquid goods while DSM Nanjing also raised its nomination for October to US$1,875 a ton (up US$50) for solid goods.
Caprolactum prices were slightly up amid moderate demand as producers pushed offers up on mounting run rates of downstream chip producers.
Upstream benzene markets were subdued through the week but rebounded sharply on weekend.
Run rates of polymerization units inched up and inventory level was maintained at 7 days’ worth.
Nylon textile yarn makers also upped run rate although inventory was still at 27 days’ worth.
Market players were concerned about the new capacities contributing to increased supply, resulting in cautious buying sentiment.
Courtesy: Weekly PriceWatch Report
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