1、 Price trend
According to the Commodity Market Analysis System of Business Society, the reference average price of domestic caprolactam on December 1st was 13162 yuan/ton, and on December 29th, the reference average price of domestic caprolactam was 13842 yuan/ton. This month, the market price of domestic caprolactam increased by 5.17%.
2、 Market analysis
The domestic market price of caprolactam has risen this month. In the first half of December, the market price of caprolactam slightly decreased. The price of raw material pure benzene has been lowered, weakening cost support. Downstream demand has decreased, and procurement is more cautious. The caprolactam unit is gradually recovering, with an increase in supply. The market is mainly bearish, and the market for caprolactam is weakening. In the second half of December, the market price of caprolactam continued to rise. The price of raw material pure benzene has increased, leading to increased cost support. Downstream demand is stable, with on-demand procurement being the main focus. The spot supply of caprolactam is tightening, and the support from the supply and demand sides is increasing. As of December 29th, the settlement price of Sinopec’s caprolactam is 14250 yuan/ton, which is a high-quality liquid product.
Raw material pure benzene market. The price of pure benzene slightly decreased at the beginning of this month, but has been rising since mid month. On December 1st, the price was 6692 yuan/ton; On December 29th, the price was at 7230 yuan/ton, an increase of 8.03% from the beginning of the month and an increase of 10.68% from the same period last year.
Downstream PA6 market. This month, the cost side has strong support, coupled with temporary maintenance of some production line devices in the industry, leading to a contraction in market supply. At the same time, the impact of downstream expansion in the early stage has been supported by procurement, so there is a clear advantage on the market. As of December 29th, the average reference price for domestic PA6 is 14675 yuan/ton.
3、 Future Market Forecast
Business Society Caprolactam Analysts believe that the caprolactam market has been operating strongly recently. The price of raw material pure benzene continues to rise, with strong cost support. As the holiday approaches, downstream demand slows down. It is expected that the short-term price consolidation of caprolactam will be the main trend.
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