In the last week of August, spot offer for liquid goods in China were down US$15-30 a ton and discussions were down US$30-45 a ton. Asian markers, the SE and FE declined US$80 a ton. Sinopec lowered its settlement for August which was down US$25 a ton from nomination for liquid while DSM Nanjing’s August price was down US$220 a ton from nomination for solid goods.
Nylon price sees continuous fall in China
Nylon filament yarn prices fell further in the third week of August with the easing of operating cost pressure due to lower caprolactum and nylon chips prices. Textile yarn makers continued to cut run rates on poor confidence. In late August, yarn may carry out production cutbacks given the demand off season for textiles amid lackluster economy situation.
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Caprolactum price tumbles in Asian market
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.
Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices
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.
Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China
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
Will the crude oil price free fall stop, will chemical fibres react?
Related Keywords: acrylic prices, naphtha prices, Nylon prices, oil prices, Polyester prices
Crude oil prices have retreated US$50-53 per barrel or US$360-390 a ton since its peak of June 2014. More than that, the first two weeks of December has already seen them falling more than US$11 a barrel, the fastest drop in a shortest period not heard in recent years. International benchmarks have touched new five-year lows on 12 December after the world's energy watchdog forecast even lower prices on weaker demand and larger supplies next year.
Nylon yarn makers enjoying increased margins despite soft pricing
Related Keywords: benzene prices, caprolactam price, nylon chip price, nylon filament price, Nylon prices, Nylon yarn price, polyamide chip price
Increasing supplies of crude oil from North American shale formations continued to weigh heavily on prices this year, creating a glut in world markets and decreasing demand for oil from the Organization of the Petroleum Exporting Countries. OPEC forecast that its market share would be 5 percent lower by 2018 as shale supplies continued to increase faster than demand. However, OPEC Secretary-General Abdullah al-Badri believes that the 12-member cartel, which pumps a third of the world's oil, prices would recover next year.
