Asian
Caprolactam: Falls $45-$90/mt on the week as demand remains sluggishProducers
cut contract pricesChina
domestic prices stay lowerAsian caprolactam was down $90/mt-
$110/mt this week at $2.050/ mt- $2.080 CFR Fareast Asia. It was also down
$45/mt- $65/mt to $2,080/mt- $2,120/mt CFR Southeast Asia. This is because
demand remains slow. According to company sources, Sumitomo
chemical and China Petrochemical Development Corp., both Japan's Sumitomo Chemical
settled their December caprolactam contract prices at $2,070/mt- $2,095 CFR Far
East Asia. Sumitomo dropped $140/mt-
$165/mt while CPDC saw a $115/mt-$155/mt decrease in its CP from November. A source claimed that there was weak demand for caprolactam
and that buyers were also cutting back on their purchasing due to recent price
drops in feedstock benzene. One source
said that the current Chinese domestic market price is low compared...