Caprolactum prices softened in the third week of August reflecting weaker benzene and bearish demand. Low-end liquid spot offers were corrected down while offers for low-end solid goods also fell. Sinopec lowered its August contract nomination while DSM Nanjing’s nomination was steady. High-end contract prices were in negotiation.
Nylon price falls as raw material price weakens
As operating pressure reduced on plunging caprolactum and nylon chips prices, nylon filament yarn prices fell further in the second week of August. Textile yarn makers in China continued to cut run rates on poor confidence. They may carry out further production cuts given the off season demand for textiles amid lackluster economy situation.
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Caprolactum price declines sharply in Asian market
In the second week of August, caprolactum prices softened reflecting weaker benzene and growing market length. Demand was bearish and low-end liquid spot offers were corrected down while offers for solid goods also fell. Upstream benzene market sentiment weakened as US crude futures was down for seventh consecutive week.
Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices
Benzene prices tumble but downstream remained firm
Benzene markets tumbled across regions and prices plunged sharply in Asia on weak demand amid excess supplies. The arbitrage window from Asia to US was firmly shut. In Europe, prices dropped amid demand gaps as it lost demand from styrene market with the benzene-styrene spot spread surging dramatically. In US, the benzene markets saw another decline as export opportunities to Europe were absent with the price spread narrowing.
Related Keywords: benzene prices, caprolactam price, caprolactum price, Nylon prices, Nylon yarn prices, polyamide chip price
Nylon chain will roll over the strong sentiment in May
Related Keywords: Benzene price, caprolactam price, caprolactum price, nylon chip price, nylon filament price, Nylon price, polyamide chip price
Benzene prices jumped sharply across regions for the third consecutive month of April, with highest rise seen in Europe. Asian benzene prices rose on strength of downstream styrene and toluene markets and also buoyed by the spurt in US numbers. Asian benzene marker, the FOB Korea jumped 8% or US$62 in April. In US, spot benzene posted sharp gains in week four of April on buying interest and gains in Europe. In Europe, reduced pygas availability pushed benzene markets up while exports and rising demand reduce domestic supply. US spot prices rose 12% while European spot jumped 17% from March.
