Asian Caprolactam - Oversupply and weak demand increase
selling pressure- Lower
offer prices- Sentiment is
weighed by weak nylon demandIn the week ending July 28, Asian
caprolactam markets continued to be under pressure due to weak fundamentals.
Some sellers attempted to reduce prices to increase demand. CFR Far East Asia
caprolactam prices and CFR Southeast Asia caprolactam physical prices were
$2,010/mt & $2,020/mt respectively. Both fell more than $100 per week. A buying indication was heard between $2,000 and $2,050/mt.
While a selling indication was reported at $1,970-2,000/mt. Sources claimed that offers hearing below $2,000-2,040/mt
the week before had prompted producers to mark prices lower. China was facing the same situation, with local caprolactam
manufacturers experiencing decreased profit margins due to lower nylon demand.
Korea benzene physical was $1,085/mt on July 28. The level was well above...