1、 Price trend
According to the Commodity Market Analysis System of Business Society, the average market price of caprolactam in China on April 24th was 12975 yuan/ton, which is a decrease of 2.17% compared to the average market price of 13262 yuan/ton on April 15th.
2、 Market analysis
Recently, the market price of caprolactam has been continuously declining. The price of raw material pure benzene has increased, leading to increased cost support. Maintenance of caprolactam units in some enterprises has led to a decrease in market supply. Downstream procurement demand is weak, with low price transactions being the main focus. As of April 24th, the weekly settlement price of Sinopec caprolactam is 13600 yuan/ton, which is a high-quality liquid product.
Cost side
Raw material pure benzene market. Recently, the price of pure benzene has slightly increased. As of April 24th, the reference price for pure benzene is 8750.50 yuan/ton, while the price for Sinopec pure benzene is 8800 yuan/ton. (Price synchronization in Shandong and Hebei regions)
Demand side
Downstream PA6 market. Recently, the domestic PA6 market has continued to decline, with most spot prices being lowered. The load of domestic polymerization plants is stable and small, and terminal enterprises are in urgent need of stocking up. Some May Day reserve warehouse demand is gradually being released. As of April 24th, the reference price for domestic PA6 is 14712.50 yuan/ton.
Supply side
Recently, some caprolactam units have resumed maintenance, leading to an increase in spot market supply and weakened supply side support. The situation of oversupply in the market has increased.
3、 Future Market Forecast
Business Society Caprolactam Analysts believe that the recent trend of caprolactam market has declined. The cost pressure is high, and the supply and demand side is weak. The game between cost and supply and demand increases the negative factors. It is expected that the short-term market trend of caprolactam will continue to decline.
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