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It is understood that at the beginning of December 2010, the price of caprolactam in Asia was still 2,800 U.S. dollars. By mid-December, the price had risen to around 2,860 U.S. dollars. Since then, the United States Honeywell, Dutch DSM and French Rhodia and other companies declared force majeure, the market price quickly exceeded the psychological price of 2900 US dollars, on December 24 reached 2920 US dollars. After the New Year, the high operating rate of China's nylon industry led to tight demand for caprolactam. Asia’s main supplier of caprolactam, Ube Industries, said that if the market supply is still tight, Asian prices may reach 3050 to 3100 US dollars.
Asian caprolactam prices rose sharply
Driven by the strong demand from the downstream nylon market, the spot price of China's caprolactam market has re-emerged since the end of last December. As of the beginning of this year, part of the contract price has exceeded 3000 US dollars (t price, the same below). Market analysts analyzed that if the supply and demand tension continues, the Asian market price will continue to maintain its upward trend.