DSM Nanjing Dongfang raises July capro list price by CNY300/tonne

11 July 2014 13:11 Source:ICIS News

SINGAPORE (ICIS)--China’s DSM Nanjing Dongfang revised its July caprolactam (capro) contract nomination price to CNY 18,500/tonne EXW (ex-works), up from its initial nomination by CNY 300/tonne ($48/tonne) earlier in the month, according to a company source on Friday.

The first nominated contract price stood at CNY 18,200/tonne, while the company settled its June contract at CNY 17,900/tonne EXW.

The increase was in tandem with an accumulative nomination price increase of CNY 600/tonne from another major supplier of contractual volumes, Sinopec, since the end of July.

Additional reporting by Shi Huan

($1 = CNY6.20)

By Daphne Ho