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SunSirs: Caprolactam Fell More Than 5% in February

March 05 2020 10:34:12     SunSirs (John)

Price trend

According to the data of SunSirs, the average domestic ex-factory price of caprolactam liquid on February 1 was 11,233 RMB/ton, and the average domestic ex-factory price of caprolactam liquid on February 29 was 10,633 RMB/ton, with the price falling 5.34%. As of now, the Caprolactam Commodity Index on March 4 was 53.15, which was the same as the previous day, setting a record low in the cycle, and a decrease of 46.85% from the highest point of 100.00 on March 02, 2017. (Note: Period refers to 2017-03-01 to now)

 

Analysis review   

Product: Up to now, the price of Shandong Luxi Chemical Liquid Caprolactam is 9,800 RMB/ton, cash leaves the factory, and the factory's production capacity is 300,000 tons. The price of Nanjing Dongfang Liquid Caprolactam is 1,200 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 is 11,150 RMB/ton, and the 450,000 tons/year device is normally started. The price of liquid caprolactam in Baling Petrochemical is 11,150 RMB/ton, and the 300,000 tons/year unit is normally running. Fujian Tianchen Yaolong Caprolactam liquid price was 11,500 RMB/ton, and the 280,000 tons/year unit was operating normally. Hubei Sanning caprolactam liquid was quoted at 10200 / t. The plant's production capacity is 140,000 tons/year.

Industrial chain: Affected by public events, crude oil and pure benzene in the outer disk fell sharply. Domestic: The starting load of pure benzene is low and the demand is limited; the transportation is relatively limited, and the overall trading atmosphere of the market is not active. Caprolactam maintains low load operation, and there is less demand for solvent. It is expected that the purchase demand for cyclohexanone is still low, and the recent shipment of cyclohexanone is not smooth, and the pressure on social inventory is relatively high.

Industry: According to the price monitoring of SunSirs, in February 2020, there were 28 kinds of commodities in the chemical sector that rose in the commodity price rise and fall list, of which 5 kinds of goods increased by more than 5%, accounting for 5.7% of the number of goods monitored in this sector ; The top three commodities were sulfur (10.60%), hydrofluoric acid (8.40%), and fluorite (8.05%). There were a total of 48 commodities with a decrease from the previous month, and a total of 27 commodities with a decline of more than 5%, accounting for 31% of the number of commodities monitored in this sector. The top three products were butadiene (-22.76%) and propane (-21.45). %), Hydrogen peroxide (-18.21%). The average monthly increase or decrease was -2.53%.

 

Market outlook

The caprolactam analyst of SunSirs believes that the current market for caprolactam is deserted and the bearish atmosphere is strong. Demand is not good and there is more inventory currently. Due to the sharp decline in crude oil, the decline in raw materials and weak cost support, it is expected that the market for caprolactam may still fall in March. It is recommended to pay attention to changes in raw materials.

 

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

 

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