Caprolactam prices continue to callback

Price trend

 

According to the business news agency’s block list data, the domestic caprolactam market weakened in early January, and the spot price gradually decreased. As of January 13, the average offer price of caprolactam sample enterprises in business cooperatives was 10466.67 yuan / ton, a decrease of 4.85% compared with the average price level at the beginning of the month.

 

quotations analysis

 

At present, the domestic caprolactam market continues to accept the high callback market last month, and manufacturers continue to lower the ex factory price after new year’s day. On the supply side, caprolactam has been improved due to the restart of the early maintenance unit and the tight supply at present. At present, Shandong Luxi Chemical caprolactam liquid price 10200 yuan / ton, cash factory, factory capacity 300000 tons, the actual deal can be discussed. Nanjing Dongfang caprolactam liquid price 11900 yuan / ton, 400000 tons / year, about 80% of the unit operating rate. The price of Baling Hengyi caprolactam liquid is 11300 yuan / ton, 450000 tons / year, the unit is normally started and delivered by acceptance. The price of caprolactam liquid in Baling Petrochemical Company is 11300 yuan / T. The 300000 t / a unit is normally started and delivered by acceptance.

 

According to the monitoring of the business association, the domestic price of pure benzene in early January was affected by the higher interest rate of international crude oil, and the support of cost side was strengthened. In addition, the price of styrene in the lower reaches rebounded due to the wide rise of pure benzene in Asia, and the pure benzene in the first ten days of January rose in shock. In terms of external market, the demand for pure benzene in Europe and the United States increased, boosting the rise of pure benzene in Asia. In the later stage, we will continue to pay attention to the global new epidemic situation and vaccine progress, OPEC +’s latest policy on production reduction, geopolitical risks in the Middle East and global economic recovery. It is expected that pure benzene will still rise in the near future.

 

Future forecast

 

Business community caprolactam analysts believe that: at present, the upstream pure benzene market has risen, there is cost support for caprolactam. However, the current domestic caprolactam supply is relatively abundant, coupled with the previous tight supply, good spot prices, so caprolactam continued high callback market in early January. The downstream operating rate level is acceptable, the demand drops, the inventory rises, dragging the caprolactam market. Caprolactam market is expected to continue weak adjustment trend.

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