Nylon Chain Price Forecast In Europe and USA – November 2012
The month-on-month increase is the second largest this year in October has pegged US benzene average spot price at US$1,453.89 a ton. October US benzene contract price was settled up US cents 20 cents from September at US cents 440 a gallon. In November, the chances of further rapid rise appear weak as downstream users have been seeing margins squeezing amid slow demand. In Europe too, benzene prices may inch up given the supply-demand imbalance.
European CPL negotiations will continue with buyers and sellers slowly moving together. Sellers may nominate increases of Euro 15-20, which can be countered with buyers’reduction of Euro 50. In US, caprolactum prices are likely to go down after rising US$90 in October while European goods will remain stable until the contract numbers are announced.