Weak demand, caprolactam price down (8.3-8.7)

1、 Price trend

 

According to the business club’s big list data, the domestic caprolactam price fell sharply this month. The average ex factory price of caprolactam on August 3 was 9533 yuan / ton, while that on August 7 was 9416 yuan / ton, with a decrease of 1.22%.

 

2、 Market analysis

 

PVA 1799 (PVA BF17)

Caprolactam prices fell this week due to poor downstream demand. As of August 7, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. is 9000 yuan / ton, and the factory has a production capacity of 300000 tons. The actual transaction can be discussed. Nanjing Dongfang caprolactam liquid price is 10050 yuan / ton. The 400000 tons / year plant starts normally and the caprolactam unit operates normally. Baling Hengyi caprolactam liquid price 9600 yuan / T, 450000 tons / year, the plant was normally started, accepted and delivered. The price of caprolactam liquid of Baling Petrochemical Company is 9600 yuan / ton, and the 300000 tons / year unit is normally started and accepted.

 

Boosted by multiple positive, the price of pure benzene continued to rise this week. Compared with last week, the average price increased by 70 yuan / ton, or 2.08%. This week, Sinopec raised the price by 100 yuan / ton to 3450 yuan / ton. The bottom support was strengthened and the market was reluctant to sell at low prices. This week, the market mentality fell, spot trading light. However, the benzene market continued to rise this week. The demand of downstream slicing plants is weak, and the strategy of bargain hunting is the main strategy. The improvement of PA6 trading volume is limited. The businesses are generally short of the future market, and the operation of reducing profits and reducing the warehouse is the main operation.

 

3、 Future forecast

 

Caprolactam analysts believe that although the price of raw material pure benzene rose this week, but the downstream demand performance is still weak, caprolactam market is not optimistic. It is expected that the price of caprolactam will be weak and stable in the short term.

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