Home / Knowledge / News / Textiles / RMB market of caprolactam remains flat

RMB market of caprolactam remains flat

28
Jan '11
RMB market of caprolactam remained flat. Offers from holders were around 26,300-26,500 Yuan / ton, counteroffers from downstream market were around 26,000 Yuan / ton and actually negotiated prices were around 26,100-26,200 Yuan / ton.

Mainstream offers of spot caprolactam were around 26,000-26,200 Yuan / ton. It is reported that January settlement price of Sinopec is 25,600 Yuan / ton. Offers in US dollar fell, as holders were reluctant sellers, a few quotations were around US $3,300 / ton or slightly higher, buyers were waiting and observing, trade volume was flat.

In East China, nylon conventional spinning slice was quoted at 26,800-27,500 Yuan / ton, most factories were cautious. Offers from mainstream manufacturers over the weekend were 27,500-28,000 Yuan / ton in terms of cash payment for nylon high-speed spinning chips and conventional spinning semi-dull chips, operation rate of polymerization factories was 50-60 percent.

Major factories in Jiangsu demanded price at 27,500-27,800 Yuan / ton for nylon conventional spinning bright chips, general prices of nylon high-speed spinning chips from factories in Zhejiang were generally around 28,000-29,000 Yuan / ton, to be delivered to buyer's destination, operation rate of factories was cautious at 50-70 percent, price were mainly firm.

Anti dumping duty on caprolactam has been introduced, market sellers have become reluctant sellers, buyers have gradually withdrawn from the market, therefore the market is expected to be strong in the short term.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jul 2021

Vietnam opens new rail freight link to Belgium on China-Europe line

Vietnam Railways (VNR) has added a new rail freight link from Vietnam ...

Pic: Shutterstock

Textiles | On 26th Jul 2021

UK launches consultation on scheme for trade with developing nations

The United Kingdom recently launched a consultation on new trading...

Pic: Shutterstock

Textiles | On 26th Jul 2021

Prime Content| Rising demand to positively impact Australian wool exports: TexPro

Australian wool exports are expected to grow in the current season...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Aashumi Mahajan,

Aashumi Mahajan

Luxe Maison is a premiere haute couture e-boutique established after 2015. ...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search