Caprolactam Industry Chain Analysis (9.18-9.22)

In the third week of September, caprolactam and downstream PA6 sections continued to maintain a strong upward trend. According to the price of the business to monitor the price trend, caprolactam (liquid) rose 662.5 yuan / ton this week, or 4.54%; PA6 (conventional spinning in the sticky) rose 266.67 yuan / ton this week, or 1.52%. Friday (September 22) afternoon Jiangsu and Zhejiang spot inquiry in the basic 18,000 yuan / ton (cash from mentioning). Manufacturers also said that “no cash”, some of the orders in early September have not yet delivered.

Tuesday, Sinopec caprolactam listing price raised to 15,100 yuan / ton, followed by Fujian Tianchen, Nanjing Oriental also have the listing price raised to 15,200 yuan / ton. And some private factories (such as Shandong Haili, Shandong Fang Ming, Henan Shenma, Hubei Sanning, etc.) listing price is as high as 15,500 yuan / ton, the market once again open the “speed up” model, as of Friday (September 22), the mainstream of liquid transactions to reference to 15500-15700 yuan / ton, solid mainstream transaction reference to 16700-16900 yuan / ton. Like the PA6, the same side of the factory supply tight.

PVA 0588 ( PVA BP05)

On the other hand, as the Chinese market continues to grow in demand for the Asian caprolactam market, Asia Caprolactam rose $ 50 / tonne this week to close at 1810 CFR Far East and 1830 CFR in Southeast Asia as of Thursday 21 September.

From the device point of view, as of this weekend, in addition to Shanxi Yang coal 100,000 tons of equipment, the rest include Shijiazhuang Refining and Nanjing Oriental equipment has been opened, the industry’s overall load of more than 9 percent. But after 10 months, Hebei Cangzhou Xuyang device upgrade, Nanjing Oriental line 200,000 tons parking maintenance. Coupled with the “nineteenth” period of logistics and transport side of the limited and “season” orders support, caprolactam and PA6 slices are still good lead short-term.

Business analysts believe that: the current situation, caprolactam and downstream PA6 supply and demand has been found relatively dynamic balance. In the cash stock under the premise of tight, still remain optimistic in October to judge.

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