In China, liquid good offers were mainly at US$1,600-1,630 a ton in the third week of November while solid goods fell US$70 a ton.
Asian markers, the SE and FE rolled over at US$1,300-1,350 a ton while trading values for East European goods were at US$1,300-1,350 a ton.
Sinopec cut its November contract nomination to US$1,645 a ton, down US$75 for liquid goods.
DSM Nanjing’s settlement for November was at US$1,870 a ton for solid goods.
Caprolactum market in Asia continued to witness mild corrections and prices were range bound at upper end with low-end goods emerging in the market.
With rising benzene prices that week, margins of caprolactum producers were under pressure and they were mulling production cut back to reduce operating cost and support prices.
Downstream demand was hard to improve given the overall dullness in the downstream segment. Contract nomination for November was heard cut by major supplier in China.
Courtesy: Weekly PriceWatch Report
