1、 Price trend

According to the bulk list data of business society, the average ex factory price of domestic caprolactam liquid on March 1 was 13587 yuan / ton, and the average ex factory price of domestic caprolactam liquid on March 30 was 13600 yuan / ton, up 0.09% this month. The highest price in the month is March 10. The average ex factory price of domestic caprolactam liquid is 15200 yuan / ton.

2、 Market analysis

The domestic caprolactam market rose and fell sharply this month, and the price first rose sharply and then fell sharply. In the first ten days of March, due to the sharp rise of crude oil price, the trend of raw material pure benzene increased significantly, and the caprolactam market rose continuously. In the middle of March, the market of caprolactam fell after the sharp rise in the early stage, and the price fell rapidly. Due to the continuous decline of raw material prices, the cost support of caprolactam is insufficient. Cautious floor trading, tight supply and unstable market mentality. In late March, caprolactam was slightly shaken and put into operation. The positive support of crude oil for pure benzene still exists, pure benzene continues to fluctuate with the trend of crude oil, and the terminal demand follows up generally. Some caprolactam enterprises adjusted their prices slightly, and most enterprises mainly stabilized their prices. As of March 30, the price of Sinopec caprolactam liquid was 14400 yuan / ton. The price of Baling Hengyi caprolactam liquid is 14400 yuan / ton, 300000 tons / year. The unit is started normally and delivered after acceptance. The price of caprolactam liquid of Baling Petrochemical is 14400 yuan / ton, 450000 tons / year. The unit is started normally and delivered after acceptance. Shandong Hualu Hengsheng caprolactam bulk water price is 14200 yuan / ton, and the manufacturer’s unit capacity is 300000 tons / year. It is accepted and sent to East China. Shandong Luxi Chemical caprolactam liquid price is 13300 yuan / ton, the factory leaves the factory in cash, and the manufacturer’s production capacity is 300000 tons.

The raw material pure benzene rose broadly in the first ten days of this month, fell back from the high in the middle of this month, and fell back after rebounding in the second ten days of this month. Due to geopolitical factors, crude oil continued to rise as a whole this month. Driven by the rising cost, the price of pure benzene rose by more than 10% in early March. However, crude oil continued to rise, pure benzene and its downstream profit space were compressed, some units stopped to reduce the burden, and the demand for pure benzene was weak. Superimposed on the impact of domestic public health events, the transportation in many places is limited, the inventory of enterprises in some regions is accumulated, and the price drops rapidly from a high level. Late this month, in the face of market concerns about the increased risk of oil supply, crude oil prices rose again, and pure benzene rebounded with crude oil. However, weak demand and blocked transportation limited the increase.

This month, the domestic market of downstream PA6 rose and then fell, and the spot prices of various brands rose first and then fell. The operating rate of domestic PA6 polymerization plant is generally stable at more than 70% this month. The on-site trading situation this month is general. The low-end supply of goods in the whole month is acceptable, the inventory position of enterprises and sellers is not high, and the mentality is strong. The logistics obstruction in many places caused by health events in the month has not ended, which also affects the trading of some PA6. At present, PA6 is porous and intertwined, and the market situation is biased towards cost side guidance.

3、 Future forecast

Caprolactam analysts of business society believe that at present, the raw materials are still at a high level, the cost pressure of caprolactam is large, the follow-up of terminal demand is general, and the demand is weak. It is suggested to pay attention to the market trend and demand changes of raw materials. The caprolactam market is expected to be stable in the short term.