In Q1 2025, the Russian Caprolactam Flakes market extended its bearish trajectory, with prices further declining to approximately 1375 USD/MT FOB Novorossiysk, marking a 6.34% drop from the previous quarter. The market remained weighed down by sluggish demand from key downstream sectors including Textile, Automotive, and Consumer Goods, all of which continued to experience slow recovery and conservative purchasing behaviour. Elevated inventory levels carried over from the previous quarter, while production remained largely uninterrupted, adding to the persistent oversupply. Moreover, the typical seasonal lull in industrial activity during the early part of the year contributed to reduced offtake volumes, reinforcing the downward pressure on prices across the Caprolactam market.




