Europe capro April contracts rise €15-19/tonne on feedstock costs

23 April 2014 23:59 Source:ICIS News

LONDON (ICIS)--European caprolactam (capro) April contract prices had risen by €15-19/tonne, broadly in line with feedstock cost rises, buyers and sellers confirmed on Wednesday.

Feedstock cyclohexane (CX) contract prices rose by €19/tonne in April on the back of  €16/tonne rise in the April benzene contract price and a €3/tonne rise in the CX Q2 delta contract price. The monthly CX contract price comprises the sum of the monthly benzene contract and the CX quarterly delta contract.

The April capro contract was agreed at €1,978-1,996/tonne FD (free delivered) NWE (northwest Europe).

By Mark Victory