Offers for liquid good in China jumped US$60 a ton in the last week of March while solid goods offers rose US$35 a ton. Asian markers, the SE and FE markers gained US$30-50 a ton.
Sinopec announced April contract which was up US$80 a ton from March settlement for liquid goods while Fibrant (formerly DSM Nanjing) announced April nomination which was up US$90 a ton for liquid goods.
Caprolactum prices inched up on the week on decent downstream demand, tight supply and stable feedstock benzene cost. In China, offers for liquid and solid caprolactum in spot market edged up. Mainstream values for East European goods went north.
Sinopec and Fibrant (formerly DSM Nanjing) nominated April contract prices up on the month as spot was seen rising over the past month.
As for demand, run rates of polymerization units were up amid falling inventory while nylon yarn makers also upped their run rate but inventory was still worth at 25 days. As supply increases amid range‐bound raw materials, caprolactum prices will sustain the firmness on reviving demand and low inventory.
Courtesy: Weekly PriceWatch Report
