The caprolactam (CPL) spot market for imports in China were temporarily stable on August 27.
Cargo holders quoted price in the range of US$ 2,310-2,320/ton, while downstream manufacturers bid in the range of US$ 2,280-2,290/ton, and actual negotiations took place in the range of US$ 2,290-2,300/ton. Actual transactions were moderate.
In East China, CPL prices were stable and the market was in wait-and-watch mode. Cargo holders offered in the range of 18,300-18,400 Yuan/ton. Downstream manufacturers asked for price of around 18,200 Yuan/ton, and actual negotiations were in the range of 18,200-18,300 Yuan/ton. Actual negotiations were very few.
Fibre2fashion News Desk - China