In China, spot liquid good offers rose US$115 a ton in the week ended 6 July 2018 while solid goods was up US$24 a ton on the week.
Caprolactum prices in Asia rebounded last week in line with upstream benzene cost. In China, CPL offers were hiked amid tight supply in the region during the week. Plant run rates fell to 76.7% in the week. It is likely that market supply may tighten in the short run amid delayed plant restarts.
Overall, CPL prices are expected to inch up further in coming weeks on expectations of tighter supply.
Courtesy: Weekly PriceWatch Report
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