Caprolactum prices plunge in China

YarnsandFibers News Bureau 2017-03-28 12:51:53 –

Asian caprolactum markers rolled over in the second week of March while East European goods were stable on the week. In China, liquid caprolactum offers in spot market declined US$125 a ton while solid goods fell US$170 a ton on the week.

Caprolactam prices fell on the back of softening benzene and increased supply in China. Liquid goods offer in China spot market declined US$125 a ton while values for solid goods fell US$170 a ton week on week.

Sinopec and Fibrant maintained their March contract nomination at previous week’s levels. Producers in China clamped down run rate to 88.5% that week while demand sobers with run rates of polymerization units falling to 74% and yarn makers maintaining at 75%. Supply is expected to increase a bit next week.

Courtesy: Weekly PriceWatch Report

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