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Spot market of CPL imports remains quiet
10
Oct '11
The spot market of caprolactam (CPL) imports remained quiet on October 8. There were limited offers in the market, with sporadic prices around US$ 3,350/ton (CFR China main port L/C 90 days). Buying from downstream was light, and sporadic bids were for around US$ 3,300/ton. Finally negotiated price was around US$ 3,320-3,350/ton. Overall, actual negotiation was scarce.

In terms of RMB, the CPL spot market was light, with cargo holders rarely making offers. Sporadic offers were around 27,800-28,000 Yuan/ton, and downstream factories made bids around 27,600 Yuan/ton. Actually negotiated price was around 27,800-27,900 Yuan/ton, but actual negotiation was scarce.

Fibre2fashion News Desk - China

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