06 July 2012 07:54 [Source: ICIS news]
BRISBANE (ICIS)--Spot caprolactam (capro) offers in Asia edged up by $50-100/tonne (€41-81/tonne) on Friday, following ?xml:namespace>
Offers are currently at $2,300/tonne CFR (cost and freight) NE (northeast)
In the week ended 4 July, capro prices were assessed at $2,150-2,220/tonne CFR NE Asia, down by $30-50/tonne from the previous week, according to ICIS.
Market sentiment in the capro market is also being buoyed by recent gains made by monoethylene glycol (MEG) – a feedstock used in polyester production.
Polyester is considered a cheaper form of substitute of nylon – the main downstream for caprolactam.
Capro is an intermediate primarily used in the production of nylon 6 fibres, plastics and other polymeric materials.
($1 = €0.81)
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