Caprolactum prices stable to up in China

YarnsandFibers News Bureau 2015-12-15 11:18:49 –

In China, liquid good offers in spot market were at US$1,645 a ton while solid goods were up US$35 a ton in the first week of December.

Sinopec announced December contract nomination at US$1,660 a ton, up US$10 from November while DSM Nanjing pegged its nomination at US$1,690 a ton for solid goods.

Asian markers, the SE and FE fell US$10 a ton on the upper end while November contract for high-end goods settled at US$1,310-1,330 a ton CFR.

Caprolactum offers were stable to up that week as benzene markets meandered either ways while buyers and sellers on the sidelines.

In China, liquid goods offers in spot market were unchanged from last week of November while offers for solid goods were raised.

Demand was reticent as run rates of polymerization units decreased, although inventory drifted to 7 days’ worth.

Yarn makers ramped run rate owing to decent demand for staple fiber.

Courtesy: Weekly PriceWatch Report

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