Asian SE and FE caprolactum prices rolled over in the first week of March while East European goods were stable on the week. Sinopec raised its March contract US$30 a ton from earlier nomination for liquid goods.
Caprolactam prices were stable to down on the back of softening benzene and increased supply. Liquid goods offer in spot market inched up but solid goods edged down. Meanwhile, Sinopec raised its March contract nomination while Fibrant released its nomination for March at similar levels.
Demand was modest as run rates of polymerization units and yarn makers were at 75%. In Europe, caprolactum market was to begin March contract price negotiations after the initial settlement of benzene March contract was down on the month.
Courtesy: Weekly PriceWatch Report
