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The domestic market was affected by Sinopec’s listed price by a sharp drop of RMB 600/ton. The business mentality was downward and the buying momentum was dull. The seller’s small quotation was around RMB 23,000/ton or slightly below, and the actual bill could be discussed.
The market of caprolactam was very weak in the US dollar market. Sellers rarely offered an offer and watched more. The buyer had no intention of receiving the goods and the intention was to drop below $2,800/ton. The market lacked effective negotiations.