1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on November 6th was 12887 yuan/ton, and on November 10th, the average market price of domestic liquid caprolactam was 12887 yuan/ton. Caprolactam prices remained stable this week.
2、 Market analysis
The caprolactam market has remained stable this week. The price of raw material pure benzene has been lowered, and cost support has weakened. Some enterprises are undergoing parking and maintenance, resulting in a decrease in local market supply. Downstream procurement is on demand, and the demand side is relatively stable. As of November 10th, Sinopec’s high-end caprolactam has settled at 13350 yuan/ton this week. It is a liquid premium product and will be accepted and self picked up in June.
The price of raw material pure benzene has slightly decreased this week. On November 6th, the price of pure benzene was 7903 yuan/ton, and on November 10th, the price of pure benzene was 7800 yuan/ton, a decrease of 1.51% compared to last week. This week, the price of Sinopec pure benzene was at 7750 yuan/ton (prices in Shandong and Hebei regions decreased by 300 yuan/ton simultaneously).
Downstream PA6 prices fell this week. As of November 10th, the reference average price of domestic PA6 is 14350 yuan/ton.
3、 Future Market Forecast
Business Society Caprolactam analysts believe that the market for caprolactam has been weakening recently. The price of raw material pure benzene has decreased, and cost support is insufficient. The market supply and demand game holds a bearish attitude in the industry. It is expected that the price of caprolactam will be weak in the short term, and the consolidation operation will be carried out.
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