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Chinese CPL prices marginally up last fornight
21
Oct '13
The prices of caprolactam (CPL), primarily used in the manufacture of synthetic fibres, especially Nylon 6, were marginally up in the last fornight compared to the corresponding period of last year.
 
The average CPL price in the fortnight ending October 15 in China were US$ 2400/ton, maginally higher than the price of US$ 2385/ton prevailing during the corresponding period of last year. The average CPL price during the fortnight ending September 30 was US$ 2380/ton.
 
During the first half of last fortnight, CPL trading sentiments remained lackluster in the Chinese market, as majority of market participants stayed away from the market during the National Day holidays.The mainstream offers for CPL were in the range of US$ 2410/ton to US$ 2420/ton, while trade prices were assessed between US$ 2395/ton and US$ 2405/ton during the first half.
 
In the second half of last fortnight, CPL suppliers slightly increased offer prices and mainstream offers for CPL were in the range of US$ 2410/ton to US$ 2420/ton, while trade prices were assessed between US$ 2400/ton and US$ 2410/ton.
 
CIF China prices from Europe were in the range of US$ 2350-2420/ton in the last fortnight, stable as compared to the previous fortnight.
 
CIF China prices from Japan were at US$ 2380-2430/ton during the fortnight ending October 15, lower by 0.62 percent as compared to the previous fortnight, while prices from South Korea were assessed at US$ 2380-2430/ton, higher by 0.84 percent as compared to the previous fortnight.
 
During the ongoing fortnight, CPL prices in China are expected to remained stable-to-firm due to tight supply and robust demand from the downstream market.
 

Fibre2fashion News Desk - India

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