Asian
Caprolactam Prices Stable on Thin Spot Activity-
Stable among thin spot discussions-
Crude falls: Buyers and Sellers sidelinedThe
Asian caprolactam markets were stable week-on-week despite little spot activity
due to market participants returning from the long Lunar New Year public
holidays. Asian caprolactam was unchanged at $1,660/mt Feb. 2, despite no
spot trades. The $1,660-$1,670/mt trading range was maintained by
sellers. According to a source, Taiwan's China Petrochemical Development
Corp. (or CPDC) will resume production of Hsiaokang caprolactam in Kaohsiung at
a rate of 200,000 mt/year around mid-February. CPDC shut down its
Hsiaokang caprolactam production line in December 2022 for scheduled
maintenance. It was due to resume operations at the end of
January. According to a source, there was a slight delay because of the
Lunar New Year holidays. Jan. 23-25 was a holiday in...