In China, spot liquid good offers were up US$30-55 a ton in the last week of May. Caprolactum prices firmed up on the back of range?bound benzene and tight supply, as markets welcomed some price recoveries. In China, offers for liquid goods in spot market were hiked significantly while discussions firmed up. In contract, Sinopec and Fibrant raised their June contract nominations.

Demand rose slightly with run rates of polymerization units up at 73% and inventory level down to 3 days’ worth. Yarn makers were running steady at 71% with inventory at 25?30 days’ worth.

European goods were soft amid slow liquidity while May contracts settled at rollovers to increases, depending on the starting point, on the back of tight market conditions.

Courtesy: Weekly PriceWatch Report