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RMB spot market of caprolactam dull
30
Nov '10
RMB spot market of caprolactam was dull on November 29, trading atmosphere looked weak, holders made a few offers at 23300-23500 Yuan / ton, most downstream buyers were adopting a wait and see attitude.

Some buyers accepted the price at 23000-23200 Yuan / ton; negotiating prices were at 23200-23300 Yuan / ton, however, discussion focused on small quantities.

Spot market of caprolactam imports was flat, due to the drop in futures market, offers were light, holders made offers at $2800-2810 / ton, downstream buyers accepted the price at $2,780 / ton, but actual transactions were scarce.

It was reported that two deals were made at $2815-2820/ ton through Belarus tenders.

Fibre2fashion News Desk

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