Asian markers, the SE and FE were up US$20 a ton in the second week of July. In China, offers for liquid spot were up US$15 a ton while solid goods offers were up US$15 a ton.
Caprolactum prices firmed up further in Asian markets on cost support and supply shortfall due to production cuts. Mainstream discussions for liquid and solid goods in China were up again that week while mainstream values for East European goods gained further amid slow liquidity and tepid demand.
Asian markers, the SE and FE were up US$10 a ton in the first week of July. In China, offers for liquid spot were up US$20 a ton while solid goods offers rose US$5 a ton.
Caprolactum prices edged up that week on moderate demand amid tight supply and on back of recovering raw materials market. Spot offers for liquid and solid goods were hiked in China while contract nominations for July were raised by major producers.
Asian markers, the SE and FE remained flat in the last week of June. In China, offers for liquid spot rolled over while solid goods offers were up US$30 a ton on the week.
Sinopec further raised its June nomination which was up US$15 a ton from last week for liquid goods.
Caprolactam prices stayed firm that week on the back of range‐bound raw materials benzene cost while demand was still weak. Run rates of polymerization units were down and inventory level was down to 7 days’ worth.
Asian markers, the SE and FE declined US$10-40 a ton in the fourth week of June. In China, offers for liquid spot rose US$25 a ton while solid goods offers were up US$40 a ton on the week.
Caprolactum markets were mixed that week as prices firmed in China on the back of range‐bound raw material, while they were subdued in other markets due to weak demand. Both, Sinopec and Fibrant raised their nominations for June, pushed by existing losses.
Asian markers, the SE and FE declined US$10-40 a ton in the third week of June. In China, offers for liquid spot rose US$25 a ton while solid goods offers were up US$40 a ton on the week.
Sinopec raised its June nomination for liquid goods while Fibrant also hiked June nomination for liquid goods.
Caprolactum markets were mixed that week as prices firmed in China on the back of range‐bound raw material, while they were subdued in other markets due to weak demand. Both, Sinopec and Fibrant raised their nominations for June, pushed by existing losses.
Asian markers, the SE and FE remained unchanged in the second week of June. In China, offers for liquid spot were flat on the week while solid goods offers were steady.
Sinopec maintained its June nomination at US$1,540 a ton for liquid goods while Fibrant nominated June at US$1,550 a ton for liquid goods.
Caprolactum prices were firm on range-bound feedstock benzene cost and decent downstream demand. On the back of better crude oil and benzene, caprolactum markets warmed up slightly on production cutbacks 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.
In China, offers for liquid spot rose US$15 a ton in the last week of May while solid goods offers were flat on the week.
Asian markers, the SE and FE markers rolled over during the week. Sinopec reduced its May contract nomination by US$80 a ton for liquid goods.
Caprolactum prices bounced back that week on moderate demand and reduced supply resulting from operating rate cuts. However, benzene cost eased sharply as prices fell across regions.
Demand for caprolactum rose slightly as run rates at polymerization units were maintained above 70% amid poor inventory level.
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.
In the last week, ended on 20th May 2016, benzene prices fell in Asian markets amid thin discussions while supply tightness persisted in SE Asia for June and arbitrage from S Korea to China remained open. However, the prices drop varied sharply across Asian markets, with lowest drop seen in India and highest in Southeast. In US, spot benzene moved higher on bullish views on supply while European benzene market ended quietly with spot price retreating slightly.
