During the past week, the spot market supply of caprolactam (CPL) was tight, prices remained strong, major market players adopted the wait-and-see attitude, and traders were reluctant to sell. Market price rose slightly from the previous week, with mainstream price at around 24,000 yuan per ton.
However, inquiries started increasing after the holidays. In East China, some factories showed the interest in accepting the price at 23600-23700 yuan per ton, for shipment made by buyer.
Since, potential buyers were hesitant to make deals at these high rates, the market investment was less.
In domestic factories, CPL price for October offered by Beijing Dongfang was at 23,200 yuan per ton, with daily output of 330 tons. October price offered by Baling Petrochemical was at 23,200 yuan per ton, with daily output of 350 tons.
Chemical fiber CPL plant in Shijiazhuang started overhaul on October 10, the factory still maintained a small inventory and its current offer was around 23,000 yuan per ton.
Fibre2fashion, News Desk - China
marketing@alchempro.com
