Asian caprolactum markers, SE and FE, were flat in the first week of January. In China, spot offers for liquid goods moved up while solid goods were stable on the week.
Caprolactum markers in Asia were flat on the week while prices inched up in China on the back of moderate demand amid tight supply and surging benzene cost. In China, liquid caprolactum offers in spot market moved up while mainstream values for solid goods edged down. Offers for East European goods were firm.
Sinopec raised its January contract nomination by 3.5% on the month while Fibrant Chemical similarly raised settlement for January. Downstream run rates at polymerization units were still below 70% and inventory worth 3 days.
Yarn makers were running at 69% with inventory down to 18 days’ worth. Coupled with range?bound commodity and rising benzene, caprolactum prices are likely to remain firm in coming weeks.
Courtesy: Weekly PriceWatch Report
In May 2020, nylon filament yarn prices were talked up amid climbing prices in the upstream CPL and nylon chip…
In May 2020, polyester filament yarn prices recovered in China supported by higher prices in the polyester staple fibre markets.
Viscose staple fibre prices in April were mostly down in the Asian markets of China, India, and Pakistan. In China,…
Feedstock, propylene prices in Asia fell in April amid historic lows in the crude oil and naphtha markets that month.…
Nylon or polyamide chip markets slumped in March amid weakening prices in the raw material CPL markets while downstream buying…
In March 2020, polyester staple fiber (PSF) prices declined month-on-month in China as demand was weak and supply was abundant.…