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SunSirs: Caprolactam Price Was from Rising to Falling in June, How Is the Market Going in the Future?

July 03 2020 14:38:47     SunSirs (John)

Price trend

According to the data of SunSirs’ list, domestic caprolactam prices rose sharply in June. The average ex-factory price of caprolactam on June 1 was 9,916 RMB/ton, and the average ex-factory price on June 30 was 10,400 RMB/ton, with a price increase of 4.87%.

On June 30, the caprolactam commodity index was 52.31, down 0.33 points from previous day, down 47.69% from 100.00 points (2017-03-02), and 32.77% higher than the lowest 39.40 points on April 07, 2020. (Note: the period refers to March 1, 2017 to now)

 

Analysis review

As of June 30, Baling Hengyi Caprolactam liquid was listed at a price of 11,000 RMB/ton, the settlement price was 10,750 RMB/ton, and the 450,000 tons/year device started normally. Baling Petrochemical's caprolactam liquid was listed at a price of 11,000 RMB/ton, the settlement price was 10,750 RMB/ton, and the 300,000 tons/year device started normally. The listed price of caprolactam liquid in Shenyuan, Fujian was 11,000 RMB/ton, and the settlement price was 10,900 RMB/ton. Shandong Luxi Chemical's caprolactam liquid price was 9,600 RMB/ton, and the manufacturer's production capacity was 300,000 tons, rhe actual transaction could be discussed.

The raw material pure benzene market went from rising to falling in June. In the first week, the domestic pure benzene price rose slightly. Crude oil and outer disk have strong support for pure benzene. In the second week, the price of petrochemical pure benzene was adjusted twice, a total increase of 200 RMB/ton, the price difference between the internal and external disks narrowed, and the bottom of the market strengthened. In the second half of the month, the price of raw benzene showed a downward trend. Port inventory was high, picking up speed was slow, and inventory pressure was difficult to release. The increase in inventory of Shandong local refinery enterprises had driven prices down continuously.

The downstream PA6 trend was from strong to weak in June. In the first half of the month, the domestic PA6 market was on the high side, and the spot prices of various brands had increased. The upstream caprolactam inventory was low, and the supply was still tight, which strongly supported the cost end of PA6. The demand for downstream slicing plants was average, and the purchasing strategy was mainly needed. The performance of PA6 in the second half of the month was average, and the business offer was deadlocked, and the shipment situation declined. The domestic operating rate was fair. Although the increase of overseas plasticizer consumption demand was good for domestic enterprises to remove inventory, the recent follow-up of orders from downstream factories was slow, and the reaction to high price goods was general, and the stock preparation was mainly on bargain hunting.

 

Market outlook

Analysts of caprolactam of SunSirs believe that raw material prices continued to rise in early June, and caprolactam supply was tight. The downstream demand for caprolactam increased. In the later period, the raw materials and terminal markets fell together, the cost support weakened, and the downstream demand was weak, resulting in a poor market for caprolactam. It is expected that the caprolactam market will consolidate in the future market, and the market may drop again.

 

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

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