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Spot market of CPL imports weak
20 Sep '11
1 min read
China's spot market of caprolactam (CPL) imports was weak on Monday owing to limited market supply. Cargo holders were reluctant to sell at lower prices and offers were made around US$ 3600-3630/ton, CFR China main port with L/C of 90 days.
Downstream buying was poor with isolated bids for around US$ 3560/ton, and very few actual negotiations taking place around US$ 3580-3600/ton.
In terms of RMB too, the Chinese CPL spot market remained weak. While offers from cargo holders was for 28,300-28,400 Yuan/ton, there was very less demand from downstream buyers and they made few bids for around 28,200 Yuan/ton. Very few actual negotiations occurred at price around 28,300 Yuan/ton.
Downstream buying was poor with isolated bids for around US$ 3560/ton, and very few actual negotiations taking place around US$ 3580-3600/ton.
In terms of RMB too, the Chinese CPL spot market remained weak. While offers from cargo holders was for 28,300-28,400 Yuan/ton, there was very less demand from downstream buyers and they made few bids for around 28,200 Yuan/ton. Very few actual negotiations occurred at price around 28,300 Yuan/ton.
Fibre2fashion News Desk - China
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