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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