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Asian caprolactam: $10-15/mt more based on upstream strength | Outlook remains bearish due to slow demand | China raises Yuan 250-270/mt

Sep 03, 2022

Asian caprolactam: $10-15/mt more based on upstream strength■ Outlook remains bearish due to slow demand■ China raises Yuan 250-270/mtAsian caprolactam prices rose $10/mt last
week, primarily due to higher upstream benzene costs. However, downstream
demand is still slow. According
to market sources, downstream segments are focusing more on the consumption of
current inventory than on procuring new feedstock in a bearish outlook for
final product demand. East China price
negotiations were held in the Chinese domestic market at Yuan 11,900-12.100/mt.
This is an increase of $250/mt considering the higher selling prices. Asian benzene was $5/mt more expensive upstream than last
week, at $896.67/mt FOB Korea Sept. 1.Weekly Rationale Asian Caprolactam Weekly









Asian caprolactam $10/mt more week on week
for CFR Far East Asia, $1,915/mt Sept. 1. This is due to stronger domestic
Chinese and higher upstream...

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