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Chinese CPL spot market trends light on Mon
20
Mar '12
The spot market of caprolactam (CPL) in China was light on Monday, March 19, 2012.

The offer price quoted by cargo holders was around 22,800 Yuan/ton, while downstream manufacturers bid for around 22,500 Yuan/ton. The final negotiated price was between 22,500-22,700 Yuan/ton. Overall, a light trading atmosphere prevailed with very less volume of actual turnover.

The CPL imports spot market also saw less number of actual deals taking place. Sporadic offers in the market were between US$ 2,750-2,800/ ton (CFR China main port, L/C 90 days). Downstream buyers bid for around US$ 2,700/ ton and the finally negotiated price was in the range of US$ 2,720-2,750/ton.

Fibre2fashion News Desk - China

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