Caprolactum price declines on weak demand

In China, liquid good offers were down US$110 a ton while solid goods fell US$90 a ton in the last week of October.

Asian markers, the SE and FE were down US$10 a ton while trading values for East European goods also fell to US$1,350-1,370 a ton.

Caprolactum markets took weak signs with new capacity starting up, and prices went southbound on soft demand.

However, November contract nomination from Sinopec for high-end goods was hiked from October settlement.

Spot offers for liquid caprolactum fell from last week while discussions in Shandong softening.

Mainstream values for solid goods also moderated for small parcels.

Asian markers gave back some of their mid-October gains on weakening demand and easing cost pressure and insipid transaction.

Sinopec announced November contract nomination at 11,500 Yuan a ton (US$1,810 a ton, up US$35 from October) for solid goods.

European market settled some October business at a reduction of US$15-20 a ton from September as a result of a compromise on raw material costs.

Courtesy: Weekly PriceWatch Report

Recent Posts

Nylon or polyamide markets move up amid modest demand

In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…

4 years ago

Polyester fiber, yarn prices firmer amid a rebound in PTA and MEG markets

In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.

4 years ago

Viscose or rayon markets continue to weaken in Asia

Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…

4 years ago

Acrylic fiber prices slip amid low acrylonitrile and propylene costs

Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…

4 years ago

Nylon or polyamide markets slump on lackluster sentiment

Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…

5 years ago

Polyester prices nosedive to multi-year lows across the world

In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…

5 years ago