1、 Price trend

According to the bulk list data of Business News Agency, the average market price of domestic liquid caprolactam was 11500 yuan/ton on January 9 and 11800 yuan/ton on January 13. Domestic caprolactam prices rose 2.61% this week.

2、 Market analysis

The market price of caprolactam rose this week. The price of raw material pure benzene was increased, and the cost support of caprolactam was strengthened. The operation rate at the supply end increased this week. Downstream domestic PA6 polymerization plants began to follow up the demand for caprolactam replenishment, and the caprolactam market was generally strong. As of January 13, Sinopec’s high-end caprolactam settlement price was 12300 yuan/ton, and the liquid premium products were accepted and self-picked up in June.

The price of raw material pure benzene rose this week. The fundamentals of pure benzene continue to be weak, and the downstream is more wait-and-see, and the purchase intention is general; Crude oil continued to fall in the week, and the cost of pure benzene market formed a negative pressure; Downstream styrene slightly strengthened, boosting the pure benzene market. This week, Sinopec’s price of pure benzene remained stable at 6850 yuan/ton, while Shandong and Hebei adjusted 100 yuan/ton to 6950 yuan/ton.

3、 Aftermarket forecast

The caprolactam analyst of the business agency believes that the recent trend of pure benzene, the raw material, has increased the supply of caprolactam on the market, and the demand for terminal replenishment has increased. It is expected that caprolactam prices will rise steadily in the short term.