In China, spot liquid good offers were down US$138 in the third week of August while solid goods fell US$33 a ton on the week. The SE and FE Asian caprolactum markers were stable on the lower end at US$1,700-1710 a ton.
Fibrant raised August nomination by US$42 from last nomination for liquid goods.
Caprolactum prices were down in Asian markets amid eased supply constraint and weak atmosphere, citing heavy sidelined stance of buyers. Downstream converters still purchased from hand to mouth while offers were weak and customers maintained prudent attitude. Thus, overall sentiment was anemic.
Domestic run rate was ramped up to 88% this week. It is expected that supply will be stable next week.
Overall, given firm benzene and easing supply, CPL market will fluctuate towards the lower note.
Courtesy: Weekly PriceWatch Report
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