Asian caprolactum prices were up US$20-70 a ton SE and FE markers in the third week of January. In China, spot offers for liquid goods rose US$70 a ton while solid good increased US$60 a ton on the week.
Caprolactum prices inched up on the back of moderate demand and recovering benzene amid tight supply. In China, both liquid and solid goods prices moved up. In contract, Sinopec and Fibrant Chemical announced settlement for January lower than their respective nominations. Downstream, run rates of polymerization units were at 70% and inventory up to 4 days’ worth.
Nylon yarn makers were running down, with inventory at 15‐20 days’ worth. Nylon filament yarn producers were intending to hike offers while buyers are cautious of following up. With recovering benzene, caprolactam prices are likely to firm up in the short run.
Courtesy: Weekly PriceWatch Report
