CPL prices rise slightly over last year in China

11 Nov '13

2 min read

The prices of Caprolactam (CPL) remained steady at US$ 2,400/ton in China in October 2013, showing a slight increase of 0.52 percent over US$ 2,385/ton prevailing in October 2012.

In the Chinese domestic market, CPL market weakened and prices went down due to subdued demand from the downstream buyers during the first half of last fortnight ending October 31, 2013. Selling offers of CPL were in the range of RMB 18,300/ton to RMB 18,500/ton, but traded prices were between RMB 18,100/ton and RMB 18,300/ton.

In the second of the fortnight, CPL market continued to maintain a downward trend and priced declined slightly due to subdued demand from the downstream buyers. Selling offers of CPL were in the range of RMB 18,200/ton to RMB 18,400/ton, but traded prices were between RMB 18,000/ton and RMB 18,200/ton.

During the fortnight ending October 31, CIF China prices from Europe were stable at US$ 2,385/ton, as downstream buyers showed limited intentions in buying and adopted a wait-and-watch stance.

During the same period, CIF China prices from Japan and South Korea declined by 0.62 percent to US$ 2,390/ton, due to subdued demand from the downstream buyers.

Selling offers from CPL suppliers from Mexico and Russia were witnessed in the range of US$ 2,400/ton to US$ 2,420/ton during the first half of fortnight ending October 31. During the second half of the fortnight, selling offers from CPL suppliers from Russia and Mexico were assessed in the range of US$ 2,360/ton to US$ 2,410/ton.

Fibre2fashion News Desk - India

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