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Benzene rises, CPL stays bullish
19
Oct '10
Asian Benzene price grew by US $20 / ton to $980 / ton. Downstream buying intention was firm in Benzene market. In Chinese domestic market, price was in the range of RMB 6800-6900 / ton and experts expect it touch RMB 7000 / ton in near future.

Price of Nylon POY, DTY and FDY were stable and were quoted at RMB 27200 / ton, RMB 30200 / ton and RMB 28200 / ton, respectively in Chinese domestic market. After price hike in FDY and POY, speculators expect price hike in DTY soon.

Caprolactam market was bullish, as sellers kept their offer around $2750 / ton while buyer remained firm around $2735-2745 / ton. Price of Caprolactam in Chinese domestic market was at RMB 22750 / ton. The market sentiment was firm to steady, with healthy negotiating atmosphere.

Price of Nylon chip increased to RMB 24500 / ton in Chinese market. Offer price in Chinese market was in the RMB 24000-24500 / ton. In export market, price was in the range of $2830-2850 / ton.

Click here to view and compare daily price trends.

Fibre2fashion News Desk - India

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