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China's CPL market temporarily stable

16
Aug '12
China’s domestic caprolactam (CPL) market was temporarily stable, with trading atmosphere remaining quiet on August 15.
 
Cargo holders quoted price of around 18,500 Yuan/ton, while downstream manufacturers showed interest for buying in the range of 18,200-18,300 Yuan/ton, and actually negotiated prices were in the range of 18,300-18,400 Yuan/ton. However, very few actual negotiations took place.
 
The supply of imported CPL was stable on August 15. Prices of CPL produced in Eastern Europe increased slightly to US$ 2,320/ton, while mainstream market pries were in the range of US$ 2,290-2,300/ton.
 
In terms of RMB, mainstream prices were in the range of 18,200-18,400 Yuan/ton, and sellers were more inclined towards selling their stocks.
 

Fibre2fashion News Desk - China


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