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Spot market of CPL imports remains stable
Aug '11
The spot market of caprolactam (CPL) imports remained stable on August 25, with limited number of actual negotiations taking place.

Cargo holders made some offers at price of around US$ 3,600/ton (CFR China main port with L/C of 90 days) and were reluctant to sell at lower prices. While buyers inquired for price of around US$ 3,530/ton, the limited negotiations took place in the price range of US$ 3,550-3,580/ton.

In terms of RMB too, the CPL spot market remained subdued. There were sporadic offers of 28,000 Yuan/ton made by cargo holders, downstream bids were for 27,600-27,800 Yuan/ton. Trading atmosphere remained dull with very scarce actual negotiations taking place in the price range of around 27,800-27,900 Yuan/ton.

Fibre2fashion News Desk - China

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