Asian
Caprolactam Prices Rise on Increasing Sentiment- China's
rising prices- Strength
in Chinese market drove benzene prices higherThe
Asian caprolactam market saw a slight improvement in sentiments in the week
leading up to January 12, as participants placed hopes on demand
recovery. The Yuan 12,000/mt mark for domestic ex-tank supplies in East
China and South China was discussed. This markedly increased from the Yuan 11,000s/mt
level a month ago. One East China producer was listed at Yuan 11,950/mt or
$1.765.7/mt. The other South China producer was listed at Yuan 12,050/mt or
$1.780.4/mt. Both were listing with direct currency conversion. According
to market sources, some producers in China attempt to list their retail prices
once per week to reflect volatility. This resulted is higher prices. One
participant suggested that a CFR China be considered the reasonable tradable at...