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CPL spot import market strong
07
Jul '11
China's spot market of caprolactam (CPL) imports was strong on July 6, as cargo holders gave strong offers owing to reduced supply in the market.

Sellers quoted a price of around US$ 3,400/ton (CFR China main port L/C 90 days), as against this a few buyers quoted a price of US$ 3,350-3,360/ton. Negotiations centred on a price of US$ 3,380-3,400/ton, but no actual trading took place.

Spot market of CPL in terms of RMB was flat, market supply was tight and cargo holders quoted a price of about 27,800-28,000 Yuan/ton. However, downstream buying was poor with isolated bids for about 27,500 Yuan/ton, resulting in actually negotiated price of about 27,600-27,800 Yuan/ton. Overall, however, actual trading was light as suppliers were slightly reluctant to sell at low price and the general trading atmosphere was subdued.

Fibre2fashion News Desk - China

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