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Transient stability in Chinese CPL spot import market
May '12
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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