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CPL spot import market flat on May 19
May '11
The Chinese domestic spot market of caprolactam remained in downturn on May 19.

Cargo holders cut their offer level to about 26,200-26,300 Yuan / ton. However, downstream sector showed less interest in purchases.

Sporadic bids were around 26,000 Yuan / ton, actually negotiated price was around 26,000-26,200 Yuan / ton, market transaction was depressed, and actual negotiation was scarce.

Spot market of caprolactam imports was flat; offers from cargo holders were light.

Some offers fell to US $3,250-3,260 / ton (CFR China main port L/C 90 days). Inquires from downstream sector was around US $3,200 / ton.

Actually negotiated price was around US $3230-3240/ ton (CFR China main port L/C 90 days). Trading atmosphere looked light, actual negotiation was limited.

Fibre2fashion News Desk - China

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