1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average market price of liquid caprolactam in China was 12887 yuan/ton on November 13th, and 12975 yuan/ton on November 17th. The price of caprolactam increased by 0.68% this week.
2、 Market analysis
The market for caprolactam has risen this week. The price of raw material pure benzene has increased, which is beneficial for cost support. Some enterprises have reduced the load of caprolactam units and reduced market supply. Downstream procurement is on demand, and the demand side is relatively stable. As of November 17th, Sinopec’s high-end caprolactam has settled at 13450 yuan/ton this week. It is a liquid premium product and will be accepted and self picked up in June.
The price of raw material pure benzene has slightly increased this week. On November 13th, the price of pure benzene was 7675 yuan/ton, and on Friday (November 17th), the price of pure benzene was 7750 yuan/ton, an increase of 0.97% compared to last week. This week, the price of Sinopec pure benzene was 7750 yuan/ton (the prices in Shandong and Hebei regions were synchronized).
Downstream PA6 prices have risen this week. As of November 17th, the reference average price of domestic PA6 is 14450 yuan/ton.
3、 Future Market Forecast
Business Society Caprolactam analysts believe that in recent days, the market for caprolactam has become dominant. The price of raw material pure benzene is strong, and the cost is supported. Downstream procurement is on demand, and the market is improving. The supply of caprolactam in the market is tight, and it is expected that the price of caprolactam will be strong in the short term.
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