Caprolactum price falls on soft demand and falling benzene

In China, liquid spot was stable while solid goods offer fell US$35 a ton in the third week of May. Asian markers, the SE and FE markers were flat on the week.

Sinopec retained its May contract nomination for liquid goods while Fibrant announced nomination for May at 11,200 Yuan a ton.

Caprolactum markets in Asia were mired in weakness that week on soft demand while cost support eased with falling benzene values.

Demand was also to pick since the run rates at downstream yarn makers were down with inventory worth 28?30 days.

Polymerization units had upped their run rate marginally amid low inventory level. In China, prices of liquid goods remained flat while solid goods were cheaper.

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