Caprolactum price falls in China amid inactive trading

In China, liquid good offers fell US$45 a ton while solid goods offer was down US$15 a ton in the second week of February.

Asian markers, the SE and FE markers rolled over at US$1,050-1,100 a ton.

Sinopec’s January contract settlement was at US$1,455 a ton for liquid goods while DSM Nanjing’s settlement was at US$1,460 a ton for liquid goods in the previous week.

Caprolactum markets in Asia were flat to down during the holidays and ahead of the festival. In China, prices were flat amid inactive trading, with players leaving for holiday.

Mainstream values for liquid and solid goods were down. During the week, Haili Group cut its run rates at two Shandong-based lines to 70% and two in Jiangsu to below 80% due to heavy losses.

In Europe, some producers were targeting a rollover for February contract in an attempt to boost margin and enhance overall business viability.

Contract price for January was agreed lower by Euro15-20 a ton from December resulting from a decrease in benzene cost in January.

Courtesy: Weekly PriceWatch Report