The SE and FE Asian caprolactum markers on the lower end were stable in the first week of January. In China, spot liquid good offers were up US$17 a ton due to strong local currency while solid goods rose US$17 a ton on the week.
Caprolactum prices in Asia remained range-bound that week despite rebounding benzene cost while supply was ample. In China, CPL offers were largely stable as support from benzene market helped prices to stay afloat, however demand was slightly weak during the week.
Fibrant shut its 400,000 tons per year CPL line on 4 January 2018 due to the power outage at Sinopec Nanjing Chemical Industrials. The plant will resume operations after the urgent repair.
Courtesy: Weekly PriceWatch Report
