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SunSirs: Caprolactam Market Fell Due to Low Demand (July 6-10)

July 15 2020 08:38:33     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, the domestic caprolactam market price rose this week. The average ex-factory price of caprolactam was 10,333 RMB/ton on July 6, and the average ex-factory price was 9,933 RMB/ton on July 10. The price fell by 3.87%.

Analysis review

As of July 10, Shandong Luxi Chemical's caprolactam liquid price was 9,300 RMB/ton, and the manufacturer's production capacity was 300,000 tons. The actual transaction was negotiable. The price of Nanjing Oriental Caprolactam liquid was 10,600 RMB/ton, the 400,000-ton/year plant started normally, and the caprolactam plant operated normally. The price of Baling Hengyi Caprolactam liquid was 10,400 RMB/ton, and the 450,000 tons/year plant started normally. Baling Petrochemical's caprolactam liquid price was 10,400 RMB/ton, and the 300,000-ton/year plant started normally.

The weekend price of raw material pure benzene was 3,050-3,300 RMB/ton (average price 3150 RMB/ton), an increase of 10 RMB/ton or 0.32% from last week. This week, Sinopec's pure benzene listing price stabilized, and the price of pure benzene in Shandong rebounded slightly. In the first half of the week, Shandong pure benzene experienced a wave of bottoming out rebounds. In the second half of the week, it was continuously affected by higher inventories. The market mentality was slightly worse and prices stabilized. Downstream PA6 slices fell this week, trading was deserted.

Market outlook

Caprolactam analysts of SunSirs believe that the current price of raw materials continues to fall, the cost support is limited, and the downward trend is still there. The supply of caprolactam is sufficient, the downstream demand is not good, and the overall market is weak. It is expected that the price of caprolactam will continue to fall later.

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

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