27 September 2012 10:24 [Source: ICIS news]
SINGAPORE (ICIS)--China's cyclohexanone exports fell by 50% month on month in August because of tight supply and rising domestic prices, traders said on Thursday.
Cyclohexanone cargoes were mainly used to produce caprolactam (capro) in August, which led to tight supply, a market player said.
Meanwhile, domestic cyclohexanone prices increased in line with climbing feedstock benzene prices in August.
Cyclohexanone prices were assessed at yuan (CNY) 12,500/tonne ($1,981/tonne) EXWH (ex-warehouse) east China on 31 August, compared with CNY10,500/tonne on 31 July, according to Chemease, an ICIS service in China.
As a result, China exported 1,672 tonnes of cyclohexanone in August – down by 1,662 tonnes month on month – at an average of $1,806/tonne (€1,409/tonne), according to data from China Customs.
China’s major cyclohexanone export destinations were India and Taiwan, the data show.
($1 = €0.78, $1 = CNY6.31)
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