Asia April capro rises $45 to $2,500-2,510/t

28 April 2008 10:12  [Source: ICIS news]

SINGAPORE (ICIS news)--Northeast Asia caprolactam contracts for April were mostly agreed $45/tonne (€29/tonne) up at $2,500-2,510/tonne on upstream costs and upward pressure from the spot market, sellers and buyers said on Monday.

The settlements were agreed on a CFR (cost and freight) NE Asia (northeast Asia) basis.

March contracts were at $2,455-2,465/tonne, up $40-45/tonne from February.

Any increase for May contracts could be less pronounced as the spot capro market is on a softening trend, the sources said.

Key suppliers to Asia include Ube Industries, Sumitomo Chemical, BASF, China Petrochemical Development Corp and DSM Nanjing Chemical.

For more on caprolactam visit ICIS chemical intelligence

By: Hsin Hun Wan
+65 6780 4359

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