Price trend

According to the data of the business club’s block list, the domestic caprolactam market in late January was warmer than that in the first half of the month, and the spot price showed a certain correction, but the current price is still lower than that at the beginning of the month. As of January 27, the average offer price of caprolactam sample enterprises in the business community was 10683.33 yuan / ton, a decrease of 2.88% compared with the average price level at the beginning of the month.

quotations analysis

At the beginning of this month, the domestic caprolactam price continued the high callback at the end of last year. After the festival, the spot price continued to decrease due to the recovery of supply. However, in the second half of the month, there were changes in the supply side. The load of Haili chemical plant was low, and the operation rate of Baling Hengyi fluctuated. At present, Shandong Luxi Chemical caprolactam liquid price 10750 yuan / ton, cash factory, factory capacity of 300000 tons, the actual deal can be discussed. Nanjing Dongfang caprolactam liquid price 11600 yuan / ton, 400000 tons / year, about 80% of the unit operating rate. Baling Hengyi caprolactam liquid price 11300 yuan / ton, 450000 tons / year plant is now back to normal operation, acceptance delivery. The price of caprolactam liquid in Baling Petrochemical Company is 11300 yuan / T. The 300000 t / a unit is normally started and delivered by acceptance.

The price of upstream pure benzene has recently declined. Although the news of crude oil and external market is good, the inventory of downstream raw materials is high, and the enthusiasm of stock preparation and purchase before the festival is not high; moreover, the spot price of domestic pure benzene declines due to the impact of the low price of northern hydrogenation benzene. On Monday, the total inventory of pure benzene in East China port was about 5000 tons lower than last week. News within the week Brunei Hengyi benzene plant failure, is expected to have a certain impact on later shipping. Affected by the public health events and the rain and snow weather in the north, many downstream units are expected to stop, and the demand for pure benzene is weakening. Styrene is still expected to decline, which may drag down pure benzene. However, crude oil, high support outside the market, pure benzene is expected to decline little.

Future forecast

Business community caprolactam analysts believe that: at present, the upstream pure benzene market is general, and the cost support for caprolactam is weakened. At present, the domestic caprolactam market is mainly oriented by the supply side, and the supply is tight in the second half of January, driving the price to pick up. The trading atmosphere of downstream PA6 improved, the operating rate was acceptable, and the increase of just needed replenishment also supported the price of caprolactam. However, in the near future, the supply and demand of caprolactam market tends to be balanced. It is expected that caprolactam market will gradually enter the pre festival market, and the market will be light with a narrow range of material price adjustment.