1、 Price trend

According to the bulk list data of business cooperatives, the average price of domestic liquid caprolactam market on October 8 was 11700 yuan/ton, and the average price of domestic liquid caprolactam market on October 17 was 12366 yuan/ton. Caprolactam prices rose 5.70% on the 10th day.

2、 Market analysis

After the festival, the market price of caprolactam continued to rise. The price of raw material pure benzene rose, the cost side of caprolactam was well supported, the market supply was tight, downstream procurement was active, and the manufacturer operated at a high price. In the later period, the market of raw material pure benzene fell back, the cost support weakened, the downstream PA6 market was not good, and caprolactam began to consolidate. As of October 17, the price of Sinopec caprolactam liquid was 13100 yuan/ton, which was withdrawn by acceptance. The price of caprolactam liquid of Baling Petrochemical is 13100 yuan/ton, and the acceptance is self extracting.

Raw material pure benzene market, after the festival, pure benzene rose continuously and fell back rapidly. During the festival, boosted by crude oil, the price of Asian pure benzene in the external market rose, and the domestic market was in a favorable atmosphere. In addition, the enterprises in Shandong had good shipments, so the price continued to rise. However, after the festival, the crude oil continued to fall, and the trend of downstream styrene was opposite to that of pure benzene, which continued to weaken, narrowing the price difference with pure benzene. The fundamentals of the pure benzene market were poor, and the price fell rapidly. At the beginning of this week, the stocks of pure benzene in East China ports accumulated to 59200 tons, and a large number of imported ships will still arrive next week. This week, the price of Sinopec pure benzene was raised twice and then lowered, with a total increase of 150 yuan/ton to 8000 yuan/ton (the price in Hebei and Shandong regions was raised to 8050 yuan/ton).

3、 Future market forecast

Caprolactam analysts from the business community believe that the recent raw material market trend is weak, and the caprolactam market tends to be stable after the continuous rise. There is no obvious change in the on-site supply, and some enterprises plan maintenance. It is expected that the short-term caprolactam market will be dominated by stable consolidation.