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China's CPL spot import trends in stalemate

24
May '12
China's spot market of caprolactam (CPL) imports was in a stalemate, while the domestic CPL spot market was stable on May 23. Actual trading turnover was light.

In the CPL spot import market, cargo holders offered at around US $2450 / ton (CFR China main port, L/C 90 days).

Downstream manufacturers quoted counteroffers at about $2400 / ton, while actual negotiation was in the range of $2400-2420 / ton (CFR China main port, L/C 90 days).

In the domestic CPL spot market, cargo holders offered in the range of 19,200-19,300 Yuan / ton.

Downstream manufacturers bid at about 19,200 Yuan / ton and actual negotiation was in the range of 19,200-19,300 Yuan / ton.

Fibre2fashion News Desk - China


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