China : China's caprolactam market appears stable on Jan 23

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China's caprolactam market appears stable on Jan 23

23
Jan '13

China’s caprolactam (CPL) market in terms of RMB is firm on January 23. The mainstream price of CPL in spot market is in the range of 18,900-19,200 yuan/ton.

Cargo holders are quoting CPL price in the range of 19,200-19,500 yuan/ton, while inquires from downstream manufacturers are for price of around 18,900 yuan/ton and actual negotiations are in the range of 18,900-19,200 yuan/ton. Trading atmosphere in the market appears flat.

China’s CPL market in terms of US dollar is also stable on January 23. The mainstream price of Eastern European cargo is in the range of US$ 2,410-2,450/ton.

Scattered offers from traders are in the range of US$ 2,450-2,460/ton, while bids from downstream manufacturers are around US$ 2,420/ton, and actually negotiated prices are in the range of US$ 2,430-2,450/ton. However, market supply is tight, inquiries are moderate, and transaction atmosphere appears deadlocked.

Fibre2fashion News Desk - China

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