Price trend
According to the data of business club’s block list, the domestic caprolactam market continued to rise in late February, and the spot price generally rose. As of February 24, the average price of caprolactam sample enterprises in the business community was 12600 yuan / ton, an increase of 17.76% compared with the average price at the beginning of the month.
quotations analysis
After the festival, domestic caprolactam prices continued to rise. At present, Shandong Luxi Chemical caprolactam liquid price 13200 yuan / ton, cash factory, factory capacity 300000 tons, the actual deal can be discussed. Nanjing Dongfang caprolactam liquid price 13400 yuan / ton, 400000 tons / year, about 80% of the unit operating rate. Baling Hengyi caprolactam liquid price 13100 yuan / ton, 450000 tons / year plant is now back to normal operation, acceptance delivery. The price of caprolactam liquid in Baling Petrochemical Company is 13100 yuan / ton. The 300000 ton / year unit is normally started and delivered by acceptance.
The price of pure benzene in the upstream is also strong. According to the data of the business club’s block list, the price of pure benzene has risen continuously, breaking through 6000 yuan / ton, and the price has returned to the pre epidemic level. As of February 24, the price of pure benzene was about 6450 yuan / ton, up 37.82% from the beginning of this month. In terms of external market, affected by the severe cold weather in the United States, many refineries shut down. The sharp rise of crude oil and pure benzene supported the rising price of domestic pure benzene. In addition, some refineries shut down their pure benzene plants unscheduled, and domestic pure benzene enterprises continued to receive good news. New units are expected to be put into operation in the downstream, pure benzene supply is expected to be tightened, and the price still has room to go up. However, the trend of pure benzene is expected to moderate with the recovery of supply of foreign units. Continue to pay attention to the downstream procurement situation, domestic and foreign trends of pure benzene plants, crude oil, external market and styrene trend, etc.
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Future forecast
Caprolactam business analysts believe that: the current upstream benzene market is strong, strong support for caprolactam cost side. The supply side of caprolactam has not been substantially improved. At the same time, after the festival, the starting level of downstream PA6 recovered rapidly, the demand increased, and the price of caprolactam was raised. Domestic caprolactam fundamentals good oligomerization, clear market direction. Caprolactam market is expected to continue optimistic trend.