Price trend
According to the data of business club’s block list, the domestic market of caprolactam fell from a high level in mid March, and the spot price of individual products fell significantly. As of March 17, the average price of caprolactam sample enterprises was 13733.33 yuan / ton, with an increase of 0.98% compared with the average price at the beginning of the month, and a month on month increase of 19.77% compared with the same period in February.
quotations analysis
In early March, domestic caprolactam price position has been higher, to mid market began to callback. At present, caprolactam is in the trend of rising and falling. Today (March 17), the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. is 13400 yuan / ton, and the actual transaction can be discussed. Baling Hengyi caprolactam liquid price 14500 yuan / ton, 450000 tons / year plant is currently normal operation, acceptance delivery. The price of caprolactam liquid in Baling Petrochemical Company is 14500 yuan / T. The 300000 t / a unit is normally started and delivered by acceptance. In terms of upstream pure benzene, the recent trend of pure benzene fluctuated and fell. In terms of crude oil, international crude oil supply continued to tighten, and international oil prices continued to favor pure benzene. However, some downstream pure benzene units in Shandong were shut down for maintenance, and the demand decreased. In addition, the current and futures of styrene fell, which affected the price of pure benzene. But on the whole, pure benzene still has the ability of action.
Future forecast
Caprolactam business analyst said: caprolactam upstream benzene market is OK, caprolactam cost side support is still in. On the supply side, although the recent domestic caprolactam spot accumulation is not prominent, even unplanned capacity loss. However, the operating rate of downstream plants fell, and the demand began to shrink. The reason for the current drop in spot price is that domestic caprolactam is unable to bear the pressure of weakening demand, and the caprolactam market is expected to continue to adjust downward in the short term.
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