23 May 2008 10:31 [Source: ICIS news]
SINGAPORE (ICIS news)--Northeast Asia caprolactam contracts for May were mostly agreed at a rollover from last month at $2,500-2,510/tonne amid weaker-than-expected demand from the downstream nylon market, sellers and buyers said on Friday.
The settlements were agreed on a CFR (cost and freight) NE Asia (northeast ?xml:namespace>
Prices could be hiked in June in view of continuously rising upstream prices, producers said, although no nominations for June have been reported.
April contracts were up $45/tonne at $2,500-2,510/tonne on upstream costs and upward pressure from the spot market.
Key suppliers to
($1 = €0.64)
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