Asian caprolactum prices were up US$80 a ton SE and FE in the second week of February while East European goods were also up on the week.
Caprolactum prices were lifted citing tight supply and on the back of strong benzene. In China, offers for liquid and solid goods edged up on cost support.
Sinopec raised February contract nomination by US$40 a ton for liquid. Sinopec raised its February contract nomination for liquid, AA grade, goods while Fibrant released its nomination for Feb matching Sinopec’s numbers. High‐end contract price for February was offered higher. Demand was modest as run rates of polymerization units were at 70% and yarn makers at 65%.
In Europe, caprolactum market settled some early February contracts higher on rising feedstock costs and good demand.
Courtesy: Weekly PriceWatch Report
