Asia Jan caprolactam contracts settle largely $120/tonne higher

16 January 2013 05:22  [Source: ICIS news]

BRISBANE (ICIS)--Asia January caprolactam contracts were largely settled $120/tonne higher month on month at $2,450-2,480/tonne amid high feedstock benzene costs, major buyers and sellers said on Wednesday.

Contracts of deep sea origin were largely settled at $2,450-2,460/tonne CFR (cost and freight) NE (northeast) Asia, whereas most contracts of Japanese origin were concluded at $2,460-2,480/tonne CFR NE Asia, they said.

Initial offers by producers’ for January were at $2,550-2,600/tonne CFR NE Asia, but were rejected by buyers as too high.

December contract prices were settled at $2,330-2,360/tonne CFR NE Asia, according to ICIS.

Capro is an intermediate product that is primarily used in the production of nylon 6 fibres, plastics and other polymeric materials.

($1 = €0.75)

By: Junie Lin

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