03 November 2010 08:01 [Source: ICIS news]
SINGAPORE (ICIS)--Thai Caprolactam, a subsidiary of Japan-based Ube Industries, will halt exports of caprolactam once its downstream nylon plant in Rayong starts up next month following an expansion, a company source said on Wednesday.
The company’s 110,000 tonne/year caprolactam plant on the same site was currently operating at 100%, he added.
“There will be zero exports because the production will be kept for the downstream plant,” the source said.
The nylon plant has been expanded to 75,000 tonne/year from 25,000 tonne/year previously, he said.
“The (nylon) plant will start up in the second week of November,” the source added.
Caprolactam is primarily used in producing nylon.
Besides a peak turnaround season, caprolactam prices rose to $2,730-2,740/tonne CFR NE Asia this week from $2,680-2,720/tonne (€1,929-1,958/tonne) CFR (cost and freight) NE (northeast) Asia last week, due to strong demand during nylon manufacturing season, traders said.
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