08 December 2010 05:25 [Source: ICIS news]
SINGAPORE (ICIS)--December prices for ?xml:namespace>
The prices surpassed the record prices set in May 2010 by 2.9-3.7%, based on ICIS data.
“These prices came as no surprise," one Japanese supplier said. The reaction was echoed by several traders and buyers.
However, December prices for Europe-origin caprolactam, which also supplies contract cargoes to Taiwan and China, had not been settled so far because buyers from the key downstream nylon industry had not started negotiations with the Europeans, market players said.
“No word from the Europeans yet,” said a major caprolactam buyer.
Caprolactam is an intermediate primarily used in the production of nylon 6 fibres, plastics and other polymeric materials.
Producers of caprolactam in Asia include
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections