24 March 2010 14:48 [Source: ICIS news]
LONDON (ICIS news)--The supply of caprolactam in Europe has become critically low, largely as a result of strong demand from Asia but also because of production constraints and healthier polymer demand, sources said on Wednesday.
“The market is very, very tight and there is still strong demand. Region-wise it is still driven by ?xml:namespace>
Demand for flaked caprolactam from Europe to
“Asian caprolactam buyers are now the competitors. They are not spot customers anymore and are looking for long-term contracts,” said a major European producer, which has been flaking an undisclosed percentage of its European production for the Asian market.
The producer source described the availability situation as “absolutely critical”.
A buyer also viewed the European caprolactam market as tight: “There is an acute problem with supply because some people are opting to ship to
The buyer did not see its own downstream demand into the flooring sector as improving.
Another consumer in Europe confirmed that it was now in direct competition with its counterparts in
“The market is tough, it’s highly tight. For March we have been able to minimise the increase but for spot it’s terrible - our offer for spot in Europe is the same as
Spot caprolactam in Asia continued to firm this week, with prices in
Demand for caprolactam derivatives has also been improving since the fourth quarter of 2009, which has been exacerbated by various unplanned production issues in
($1 = €0.74)
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