28 April 2010 23:59 [Source: ICIS news]
LONDON (ICIS news)--The European April caprolactam contract has increased by €160/tonne ($211/tonne) because of tight supply, higher benzene costs and strong demand for export to Asia, market sources said on Wednesday.
“I have concluded my April contracts at an increase of €160/tonne,” a major caprolactam consumer said. “Suppliers tell us that ?xml:namespace>
The April contract settled at €2,190-2,246/tonne FD (free delivered) NWE (northwest
Another major buyer in
On the selling side, producers were still citing strong demand in Asia and expected continued tightness in
“Customers are asking for more product and asking about paying more to get additional material. On top of this we are getting requests from customers we don’t normally supply,” said a caprolactam producer.
The producer said that on average, it increased April contracts by €160-170/tonne.
($1 = €0.76)
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