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Transient stability in Chinese CPL spot import market

03 May '12
1 min read

The Chinese spot caprolactam (CPL) imports market showed transient stability, trading atmosphere was light and actual talks were scarce, yesterday.

Cargo holders offered in the range of US $2580-2600 / ton (CFR China main port, L/C 90 days), downstream manufacturers bid in the range of $2550-2560 / ton and actually negotiated prices were around $2560-2580 / ton.

The domestic spot CPL market was flat on May 2 and actual turnover was rare.

Cargo holders made offers in the range of 20,500-20,600 Yuan / ton, downstream manufacturers were interested at about 20,400 Yuan / ton, while actually negotiated prices were around 20,400-20,500 Yuan / ton.

Fibre2fashion News Desk - China

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