1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on August 7th was 12987 yuan/ton, and on August 11th, the average market price of domestic liquid caprolactam was 13100 yuan/ton. The price of caprolactam increased by 0.87% this week.

2、 Market analysis

This week, the market price of caprolactam has been operating at a high level with slight fluctuations. The price of pure benzene, the raw material, has increased, providing support on the cost side. Some maintenance devices have been restored, and market supply has increased. Downstream follow-up is slow, and demand performance is poor. Under loose supply conditions, the spot price of caprolactam began to decline. As of August 11th, the delivery price of Shandong Hualu Hengsheng Caprolactam Liquid to East China is 13000 yuan/ton. Sinopec’s high-end caprolactam settlement price is 13600 yuan/ton, a liquid premium product, accepted and self picked up in June.

The price of raw material pure benzene has slightly increased this week. On August 7th, the price of pure benzene was 7675 yuan/ton. On August 11th, the price of pure benzene was 7800 yuan/ton, an increase of 1.66% compared to last week and a decrease of 4.38% compared to the same period last year. This week, the price of Sinopec pure benzene rose to 7750 yuan/ton (with prices in Shandong and Hebei regions simultaneously increasing by 150 yuan/ton).

3、 Future Market Forecast

According to caprolactam analysts from Business Society, the recent price trend of raw material pure benzene is relatively strong, with strong cost support. However, there has been an increase in supply side spot goods and weak terminal demand. Under the supply and demand game, it is expected that the short-term price of caprolactam will be weak and volatile, with consolidation and operation being the main trend.