Price trend

On May 14, the caprolactam commodity index was 49.46, down 0.33 points from the former day, 50.54% from the highest point in the cycle, 100.00 points (2017-03-02), and 25.53% higher than the lowest point, 39.40 points on April 7, 2020. (Note: cycle refers to 2017-03-01 till now)

Analysis review   

Product: Due to tight spot supply, the market for caprolactam rose. As of May 14, Shandong Luxi Chemical's caprolactam liquid price was 9,400 RMB/ton, cash was shipped from the factory, and the manufacturer's production capacity was 300,000 ton/year, the actual transaction is negotiable. The price of Nanjing Dongfang Caprolactam liquid was 10,300 RMB/ton, the 400,000-ton/year plant started normally, and the caprolactam plant operateed normally. The price of Baling Hengyi Caprolactam liquid was 10,000 yuan/ton, and the 450,000 tons / year device was normally started and accepted for delivery. Baling Petrochemical's caprolactam liquid price was 10,000 RMB/ton, and the 300,000-ton/year plant was normally started and accepted for delivery.

Industrial chain: The price of raw material pure benzene rose steadily this week. The price of raw material pure benzene was 3,100-3,600 RMB/ton. On May 14th, Sinopec North China: Qilu Petrochemical quoted price of 3,100 RMB/ton; East China: Yangzi Petrochemical quoted price of 3,150 RMB/ton; South China area: Hainan Refinery quoted price of 3,150 RMB/ton; Central China area: Wuhan ethylene quoted price of 3,150 RMB/ton Ton; China National Chemical Corporation: Petrochemical offerd 3,600 RMB/ton.

Industry: According to the price monitoring of SunSirs, on May 14, 2020, there were a total of 13 commodities in the chemical sector that rose in the commodity price list. The top three commodities were ethylene (4.79%), dichloromethane (3.14%) and Chloroform (2.86%). There were 8 kinds of commodities that fell sequentially, and the top 3 products were mixed xylene (-2.83%), toluene (-1.73%), and styrene (-1.58%). The average daily increase or decrease was 0.15%.

Market outlook

According to the analyst of SunSirs, the domestic spot supply of caprolactam was tight this week, the price continued to rise, the price of raw materials rose steadily, and the price of caprolactam continued to be high. Due to the imminent restart of some enterprise devices, the supply will be eased. It is expected that the caprolactam market will fluctuate at a high level in the short term.

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