Asian Caprolactam - Low demand because of poor economic
conditions■ The week is when
benzene feedstock falls.■ Discussions thin





Due to the negative margins of producers
and slow nylon demand, Asian caprolactam markets saw little activity in the
week up to June 9. CFR
Far East Asia caprolactam, which is available at $2,190-2,240/mt, was valued at
$10-15/mt. Southeast Asia caprolactam, on the other hand, was valued at $5-6/mt,
up from $5-6/mt last week. The discussions
were thin, and most producers were supplying materials to meet the previous
month's needs. But nylon demand was
significantly lower. One buyer stated that
recycled nylon margins seemed to be more stable than those made from
caprolactam. China received an offer of
$2,240-2,270/mt. However, details were not available. Upstream, benzene prices fell, with the FOB Korea marker at
$1451.67-1480.50/mt, down $10-15/mt over the previous...