Price trend
According to the data of business club’s block list, the domestic market of caprolactam has been revised back in the near future, and individual spot prices have been greatly reduced. As of March 26, the average price of caprolactam sample enterprises was 13333.33 yuan / ton, a decrease of 1.96% compared with the average price at the beginning of the month, and a year-on-year increase of 43.88%.
quotations analysis
In the first half of the month, the price of caprolactam was at a high level in China, and the market began to recover in the middle of March. Caprolactam fell steadily this week, and the market was weak as a whole. On the upstream side, the far end cost crude oil fell due to the influence of the US dollar index, but the Suez Canal congestion crisis continued, and the current crude oil market was in a wide range of shocks. Due to the increase of production demand in the downstream of direct upstream pure benzene in the near future, the on-site debarking operation can be carried out. However, affected by the weakening of crude oil, the market has resistance and weak consolidation. The demand for caprolactam decreased and the supply of caprolactam shifted from tight to abundant.
Future forecast
Business community caprolactam analysts believe: caprolactam upstream benzene market weak consolidation, caprolactam cost side support general. On the supply side, the domestic caprolactam supply increased, and the supply side showed pressure. The downstream PA6 products were reduced, and the kinetic energy of the demand side was weakened. At present, the domestic caprolactam bad lead market, it is expected that the short-term market will continue to adjust downward.
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