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SunSirs: Caprolactam Market Rose Strongly This Week (January 1-17)
January 19 2020 11:00:34SunSirs(John)

Price trend

According to the data of SunSirs, the average domestic factory price of liquid caprolactam on January 1 was 10,966 RMB/ton, and the average domestic factory price of liquid caprolactam on January 16 was 11,233 RMB/ton, with the price rising 2.43%. So far, the caprolactam commodity index on January 17 was 56.50, an increase of 0.17 points from the previous day, and a 43.50% decrease from the highest point of the cycle at 100.00 points (2017-03-02), which was 53.48 points from the lowest point on December 05, 2019 Up 5.65%. (Note: Period refers to 2017-03-01 to now)

 

Analysis review   

Product: As of now, Shandong Luxi Chemical Caprolactam liquid price is 10,900 RMB/ton, cash leaves the factory, the factory capacity is 300,000 tons, the actual transaction can be discussed.The price of Nanjing Dongfang Liquid Caprolactam is 12,000 RMB/ton. The 400,000 tons / year plant is normally started and the caprolactam plant is operating normally. The price of Baling Hengyi liquid caprolactam was 11,650 RMB/ton, and the 450,000 tons / year unit was normally started and delivered by acceptance. The price of liquid caprolactam in Baling Petrochemical is 11,650 RMB/ton, and the 300,000 tons / year unit is normally started and delivered by acceptance. Fujian Tianchen Yaolong Caprolactam liquid price is 11,600 RMB/ton, contract order, The plant's production capacity is 280,000 tons / year. The unit is operating normally. Hubei Sanning caprolactam liquid was quoted at RMB/ton. The plant's production capacity is 140,000 tons / year.

As of January 16, the quotation of hydrogen peroxide in each region is as follows:

Industry chain: East China's pure benzene market is weak. The negotiation intention refers to 5,850-5,900 RMB/ton, and the negotiation of goods in the far month is 5750-5850 RMB/ton. The sharp decline of the external market has an impact on the mentality. The downstream response to the high price is insufficient, and the market wait-and-see is increasing. At present, domestic cyclohexanone manufacturers have made it clear that there are not many offers, and the delivery level of enterprises is around 7,400-7,450 RMB/ton. Most of them supply supporting downstream production demand, and the inventory level is low. The South China cyclohexanone market continued to be sorted out, and the negotiation was delivered with reference to 7,900-7,950 RMB/ton. The main trading intention was near the low-end. The demand of solvent market was general, the enthusiasm for goods preparation was limited, and the buyer purchased on demand. The market of cyclohexanone in East China has been sorted out at a high level, with the reference of 7,800-7,900 RMB/ton for on-site negotiation. The upstream and downstream product market has been firmly supported. The lack of profit limits the market's further recovery, and the short-term atmosphere is weak.

Industry: according to the price monitoring of the business agency, there are eight commodities rising month on month in the chemical sector of the list of commodity prices rising and falling on January 16, 2020, among which the top three commodities are dichloromethane (2.42%), acetic acid (1.28%) and liquid ammonia (1.11%). There are 7 kinds of commodities with a month on month decline, among which crude benzene (- 1.50%), mixed xylene (- 1.25%) and propane (- 1.04%) are the top three products. The average increase and decrease of this day is 0.01%.

 

Market outlook

Caprolactam analysts believe that recently caprolactam began to rise for several days, and the current market is stable. Due to the high price of raw materials, the loss of caprolactam in the early stage is more, the enterprise intends to increase the price, and the downstream demand is stable. The price of caprolactam is expected to rise steadily in the later period.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

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