Asian Caprolactam Falls $10-15/mt due to weak upstream■ Russia origin cargoes are being offered at a lower level■ Benzene down to $40-45/mt during the weekAsian caprolactam spot markets prices fell
$10-15/mt over the week to $1,955-1,980/mt CFR Far East Asia, and $1,965-1,980/mt
CFR Southeast Asia on August 11. Market
pressure was caused by low downstream operation rates, weak final product
consumption and muted demand. Sources claim
that the main downstream operation rates were reduced by 30%-50%, which
resulted in less demand for feedstock. Due
to lower inventory and consumption, buyers were looking to reduce term contract
volumes. Trade participants also heard
that Russianorigin cargoes were being sought after, at a $200-220/mt discount
compared to local origin offers. A source
said that the August settle prices in their area are about $1,970/mt, while
Russia's origin cargoes sell for...