Asian caprolactum prices fell US$10 a ton CFR China and South East Asia in the first week of November. In China, spot offers were down during the week. East European goods were stable on the week.
Caprolactum values retreated slightly as supply increased, although demand was better and raw material range bound. Downstream converters and caprolactum makers ramp up run rate, thus balancing fundamentals. Run rates of polymerization units were up and inventory level down. Run rates at downstream yarn makers were also up, but with inventory were at 25‐30 days’ worth.
Sinopec raised caprolactum November contract nomination while Fibrant Chemical was mulling hiking contract nomination. Sinopec nominated November contract which was down US$100 a ton from nomination for liquid goods.
Courtesy: Weekly PriceWatch Report
