Oct contract volume Chemical Maintenance

Oct contract volume likely to reduce | High inventory makes buying interest more affordable

Sep 16, 2022

- Oct contract volume likely to reduce- High inventory makes buying interest more affordable

The Asian caprolactam price was stable at
$1770/mt CFR Far East Asia and $1,780/mt CFR Southeast Asia on Sept. 15. This
was despite muted demand. Due
to low demand, the spot discussion in caprolactam markets remained sparse
during the week of September 9-15. Local
producers stated that the overall buying appetite has declined due to low
demand for the final product and high inventory downstream. A producer said that October's contract volume is likely to
drop significantly due to the low inventory downstream. "It takes longer
than anticipated to consume because buyers have concluded large volumes of
import volume earlier this year," he added. Spot discussions in China domestic are heard at Yuan
12,500-12700/mt, or $1,585-1,610/mt if you use import parity.

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

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