Caprolactam Rises after Festival

Price trend

On May 1, the average domestic liquid caprolactam market price was 13,483 CNY/ton, and on May 9, the average domestic liquid caprolactam market price was 13,966 CNY/ton. Caprolactam prices rose 3.58% this week.

Market analysis

Due to rising raw materials and better cost support, the price of caprolactam continued to rise after the holiday. The cost of caprolactam is under great pressure, and most companies have raised prices. The downstream procurement demand is acceptable, and the on-site supply is sufficient. The market as a whole fluctuated upwards, and the transaction was good. As of May 9, the price of Sinopec caprolactam liquid was 14,800 CNY/ton. The price of Baling Hengyi caprolactam liquid is 14,800 CNY/ton, and the 450,000-ton/year unit is normally driven and delivered by acceptance. Baling Petrochemical's caprolactam liquid price is 14,800 CNY/ton, and the 450,000-ton/year unit is normally driven and delivered by acceptance. Shandong Hualu Hengsheng caprolactam bulk water price is 14,500 CNY/ton, the acceptance is sent to East China, and the manufacturer's installation capacity is 300,000 tons / year. Shandong Luxi Chemical's caprolactam liquid price is 13,700 CNY/ton, and the manufacturer's production capacity is 300,000 tons.

After the holiday, the raw material pure benzene continued to rise, and the price continued to rise, with the average price rising by 160 CNY/ton compared with last week. As the main refinery is expected to reduce production, the superimposed port inventory continues to decline. The industry expects that the domestic supply of pure benzene will be tight in May. In addition, the festival companies and local refining companies have good shipments. After the festival, the market continued to rise and prices continued to rise. Crude oil rose sharply this week, the price of pure benzene in the external disk was relatively high, and the cost-side support was strong.

market outlook

Due to the recent rise in raw material prices, the cost of caprolactam is favorably supported, and caprolactam is mainly on the rise. Downstream procurement is cautious and purchases on demand. It is expected that the price of caprolactam will fluctuate and run up in the short term.