Asian Caprolactam
Weekly: Feedstock costs move beyond profitable margin ■ Participants shun talks on
caprolactam materials ■ FOB Korea benzene marker hits
seven-year highAs a result of the sudden rise in feedstock
prices, talks in Asia's caprolactam market declined. Both sellers and buyers
agreed that rising feedstock prices had hampered the profit margins along the
caprolactam chain. They chose to remain on the sidelines. FOB Korea, benzene physical rose above $1,200-1,235/mt
during the week. According to a producer,
ammonia levels were also reported to have reached four-digit levels. Sources did not cite any indications during the day. Sources felt that the escalation in benzene prices was an
overreaction to Russian-Ukraine aggression. A separate point: East China's domestic ex-tank supplies
increased from Yuan 13,400-13.500/mt Feb. 28, to Yuan 13,700-Yuan 13,800/mt on
February 28th, according to a local...