Loading…
Insights

Caprolactum price climbs up in China

YarnsandFibers News Bureau 2015-09-29 05:10:53 –

In China, liquid goods offer remained flat and discussions were up US$20-30 a ton in the third week of September. Solid goods edged up US$50 a ton. Asian markers, the SE and FE were down US$20 a ton.

Sinopec revised its September contract price which was up US$50 a ton from earlier nomination for liquid goods while DSM Nanjing’s nomination also edged up US$50 a ton from previous one for solid goods.

Caprolactum prices slightly moved down on the week as benzene prices tumbled across regions and despite mild rebound in demand.

Run rates at polymerization units increased to 75 per cent and inventory level fell to 5 days’ worth. Nylon textile yarn producers also raised their run rates but inventory was still high at 27 days’ worth. Industrial yarn makers were running at modest capacity.

Given the fall in feedstock and improved downstream demand, caprolactum market is likely to keep rebounding, with buyers purchasing at low levels expecting fall in prices in coming weeks.

Courtesy: Weekly PriceWatch Report

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello