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Oil and benzene prices supporting nylon chain, nylon yarn trends up

Related Keywords: benzene prices, caprolactam prices, caprolactum prices, nylon chip prices, nylon filament prices, Nylon yarn prices, polyamide chip prices, textile yarn prices

Benzene prices have gained 14-16 per cent across regions in March, pushed by an uptick in demand and stronger crude as players in US wanting to open the arbitrage window from Europe amid tighter supply expectations. However, benzene prices were seen easing end March as upstream toluene cooled down while arbitrage window to US remained closed. The week also witnessed a rare reverse arbitrage move. An estimated 20,000 ton cargo was set to arrive in China from the US in March-end.

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