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Caprolactam spot markets stable

30
Nov '09
China's domestic caprolactam market was stable on Thursday, with very few trade deals being conducted last week. Sinopec has listed its price for December deliveries at 17,500 Yuan / ton (Shipment to be made by buyers).

Ex-factory quote of caprolactam from Nanjing Oriental is in 17700-17800 Yuan / ton (shipment to be made by buyers with payment terms of 3 months) and the utilization rate of its 160,000 tons / year) is at 80 percent.

In the domestic markets caprolactam prices ranged between 17,300-17,500 Yuan / ton, but few deals were negotiated. In Asian spot market, caprolactam was steady at US $2160-2200 / ton (CFR China main port L/C 90 days).

Market participants expect that outlook of caprolactam market will be basically firm.

Fibre2fashion News Desk - China


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