The Price Of Caprolactam Spot Market In Asia Has Risen Sharply This Week.

Spot trading price is 2770-2860 U.S. dollars / ton (CFR China), and market trading price began to exceed 2800 dollars / ton on Monday (CFR China).

Wednesday's market quotation rose to 2900 US dollars / ton (CFR China).

Most businesses believe that caprolactam prices will easily break up 2900 US dollars / ton, because the current market is concerned about macroeconomic policies and strong trends in the cotton and PTA market.

But they feel that the 3000 US dollar / ton (CFR China) price will be the market resistance.

Most sources worry that the price of caprolactam will collapse after the price rises. As in mid May and mid July, high prices will lead to a decline in demand for end users.

The price of nylon nylon rose 80-120 US dollars this week to US $2930-3000 / ton (CFR China).

The price of caprolactam in East China increased from 22700-22800 yuan / ton last week to 23500-23800 yuan per ton (ex factory price) on Wednesday.

Spot: China's market is active and prices are rising.

There are about 6000 tons of cargo sold this week.

It is said that the terminal subscriber price has risen to $2850 / ton (CFR China, including 90 days letter of credit), but the paction price reached between traders this week is mostly 2800 dollars / ton (CFR China, including 90 days letter of credit).

At least four ships, 500 tons / ship, on December, the goods were sold at 2780 US dollars / ton (CFR China, including 90 days letter of credit) last Friday.

On Monday, 500 tons of Russian cargo were sold to a trader in Asia for 2770 US dollars / ton (CFR China, including 90 days L / C).

Then, in mid December, the cargo was sold at a price of 2780 US dollars per ton (CFR China, including 90 days letter of credit).

Meanwhile, 1500 tons of white Ross goods are sold to two traders for 2800 US dollars / ton (CFR China, including 90 days letter of credit).

The other 500 tons arrived at the beginning of December and arrived at white Ross cargo for 2840 US dollars / ton (CFR China, including 90 days L / C) price on Monday.

On Tuesday, 500 tons and 12 at the end of the month, the goods arrived in Mexico at a price of 2860 US dollars / ton (CFR China, including 90 days letter of credit).

On Wednesday, from mid December to the end of 12, the shipping quotations were 2850-2900 USD / ton (CFR China, including 90 days L / C).

Another shipment in December was sold at $2870 / ton (CFR China, including 90 days L / C), but it has not been confirmed.

Businessmen say the price of caprolactam next week will easily break up 2900 US dollars / ton (CFR China, including 90 days letter of credit).

However, they are also confident that once the price rises to 3000 US dollars / ton (CFR China), it will drop sharply.

Taiwan market, buyers are reluctant to admit that they have bought the goods at high prices, but market sources say some of the Taiwan end users may be looking for goods at about 2800 US dollars / tonnes (CFR Taiwan).