Caprolactam rigid consolidation in the second half of June, prices fell slightly (6.16-6.30)

1、 Price trend



According to the business club’s big list data, domestic caprolactam prices fell slightly in the second half of June. The average ex factory price of caprolactam on June 16 was 10466 yuan / ton, while that on June 30 was 10400 yuan / ton, a decrease of 0.64%.


On June 30, the caprolactam commodity index was 52.31, down 0.33 points from yesterday, 47.69% from 100.00 points (2017-03-02), and 32.77% higher than the lowest 39.40 points on April 07, 2020. (Note: the period refers to March 1, 2017 to now)


2、 Market analysis


As of June 30, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was 9600 yuan / T, and the factory had a production capacity of 300000 tons. The actual transaction can be discussed. Baling Hengyi caprolactam liquid listing price 11000 yuan / ton, settlement price 10750 yuan / ton, 450000 tons / year, the plant normally started up, accepted and delivered. Baling Petrochemical caprolactam liquid listing price 11000 yuan / ton, settlement price 10750 yuan / ton, 300000 tons / year unit normal start-up, acceptance delivery. Fujian Shenyuan caprolactam liquid listing price 11000 yuan / ton, settlement price 10900 yuan / ton.


PVA 1799 (PVA BF17)

In the second half of June, the price of raw material pure benzene showed a downward trend. This week, Sinopec’s pure benzene price was lowered by 300 yuan / ton compared with last week, and the listing price of Sinopec’s pure benzene was reduced by 400 yuan / ton for two consecutive weeks. The port inventory is high, the speed of delivery is slow, and the inventory pressure is difficult to release. Shandong refining enterprises inventory increase, driving prices continue to fall.


In the second half of June, the performance of downstream PA6 was average, and the business offer was deadlocked, and the shipment situation declined. At present, the domestic operating rate is fair. Although the increase of overseas plasticization consumption demand is good for domestic enterprises to remove inventory, the recent follow-up of downstream factory orders is slow, the reaction to high price goods is general, and the main purpose is to prepare goods on bargain.


3、 Future forecast


Caprolactam analysts believe that the current upstream raw materials and downstream prices fell, cost support weakened, downstream demand weak, leading to caprolactam market is not good. It is expected that caprolactam market will fall steadily in the future, and it is suggested to pay attention to the real-time market.