In China, liquid good jumped up US$70 a ton in the first week of March while solid goods offer was up US$10 a ton.
Asian markers, the SE and FE markers gained US$30 a ton on the week.
Sinopec revised its March contract nomination to US$1,530 a ton for liquid goods while DSM Nanjing announced March nomination at US$1,580 a ton for liquid goods.
Caprolactum prices inched up that week on decent downstream demand and surging benzene cost. Liquid CPL offers in spot market edged up and values for low-end solid goods were up on the week. However, offers were sparse and higher as suppliers tried to make up for their past losses.
Sinopec revised its March contract. Run rates of polymerization units were at 70%, and inventory level at 6 days’ worth. Yarn makers were running at higher rate while inventory was down to 25 days’ worth.
Courtesy: Weekly PriceWatch Report
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