Caprolactum price remains stable to weak in China

In China, offers for liquid spot were quoted flat in the first week of June while solid goods offers were hiked during the week.

Asian markers, the SE and FE markers fell US$10-20 a ton. Sinopec raised its June nomination to US$1,540 a ton for liquid goods while Fibrant nominated June up at US$1,550 a ton for liquid goods.

High end goods nomination for June had not been released.

Caprolactum prices were stable to weak over that week on back of moderate demand and range bound benzene cost.

Liquid goods offers were quoted flat at previous week’s values while solid goods were pegged higher. Mainstream values for East European goods were down on the week.

In China, producers ramped up run rate and this may result in increased supply in coming week. Downstream, run rates at polymerization units were around 75% and inventory down to 7 days’ worth.

Yarn makers were maintained steady run rate amid high inventory worth 30 days.

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,…

5 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.…

5 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