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Chinese caprolactam spot market appears light
19
Oct '11
China's RMB caprolactam (CPL) spot market was weak. Stock holders offered around 27,200 Yuan /ton. However, downstream manufacturers were adopting wait and watch attitude.

Isolated bids were around 26,500 Yuan / ton, actually negotiated price focused on 26,500-27,000 Yuan / ton, trading atmosphere was light, actual negotiation was scarce.

China's spot market of CPL imports was light. Cargo holders had limited stock, some offers were around US $3250-3300 / ton (CFR China main port L/C 90 days).

Sporadic bids were around US $3,200 / ton, actually negotiated price ranged between US $3200-3250 / ton (CFR China main port L/C 90 days). Trading atmosphere was light, actual negotiation was limited.

Fibre2fashion News Desk - China


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