1、 Price trend

According to the Commodity Market Analysis System of Business Society, the NMP market continued to decline this week. On October 30th, the average price of NMP was 15000 yuan/ton, and on November 3rd, the average price of NMP was 14600 yuan/ton, a decrease of 2.67%.

2、 Analysis and Review

According to the Commodity Market Analysis System of Business Society, the NMP market continued to decline this week, and as of Friday, the mainstream retail prices in the domestic electronic grade NMP market were 14000-15000 yuan/ton. The price of raw material BDO has further declined, and the downstream has a strong resistance to high prices, so they are buying on dips. Insufficient follow-up on the NMP demand side, with a strong wait-and-see atmosphere and a focus on just needs. The NMP factory on the production side has remained stable, but due to the prolonged market downturn and weak price support mentality, the market focus has shifted downwards.

As of November 3rd, the mainstream prices of NMP bulk water in different regions in China are as follows:

Region/ November 3rd

East China region/ 14500-15500 yuan/ton

Central China region/ 14000-15000 yuan/ton

Southwest region/ 14000-15500 yuan/ton

Raw materials: The domestic BDO market is weak and slightly declining. From October 30th to November 3rd, the average price of domestic BDO fell from 10157 yuan/ton to 10017 yuan/ton, a decrease of 1.38% during the cycle. Cost support further weakened, exacerbating the negative impact on NMP.

3、 Future Market Forecast

Business Society NMP analysts believe that the current downstream follow-up of NMP prices is slow, and construction remains low. It is expected that the NMP market may continue to maintain a sluggish trend in the near future.

This week (10.23-10.31), the market for chloroform was weak and downward. According to data from Business Society, as of October 31, the price of trichloromethane bulk water in Shandong Province was 2887 yuan/ton, a decrease of 1.28% from 2925 yuan/ton on the 23rd. The price of raw material methanol fluctuates narrowly, the price of liquid chlorine slightly decreases, and the cost support for trichloromethane is weak; Downstream construction is temporarily stable, with on-demand inquiries for trichloromethane. Market transactions are flat, and trichloromethane enterprises have slightly accumulated inventory, resulting in a decrease in factory prices.

In the recent period (10.23-10.31), the price of raw material methanol has fluctuated and stabilized, while the price of liquid chlorine has weakened and declined, and the cost support for trichloromethane is weak. According to the Commodity Market Analysis System of Business Society, as of October 31, the spot price of methanol was 2445 yuan/ton, an increase of 0.41% from 2435 yuan/ton on the 23rd. The price of raw material liquid chlorine has decreased, and as of the 31st, the acceptance price of tank trucks is 300 yuan/ton.

The overall operation of refrigerant R22 is stable, and in the short term, there are more inquiries on demand for trichloromethane. Support for trichloromethane has slightly weakened, and the total production quota of R22 has been reduced by 19% to 181800 tons in 2023. In the medium to long term, overall support for trichloromethane demand has weakened.

Analysts from Business Society’s methane chloride data believe that cost and demand support will weaken slightly in the short term, and it is expected that the trichloromethane market will consolidate weakly.

1、 Price trend

According to the Commodity Market Analysis System of Business Society, the reference average price of domestic caprolactam on October 1st was 13512 yuan/ton. On October 31st, the reference average price of domestic caprolactam was 13087 yuan/ton. This month, the market price of domestic caprolactam fell by 3.15%.

2、 Market analysis

This month, the domestic market price of caprolactam was initially suppressed and then increased, with an overall downward trend being the main trend. In the first half of October, the market price of caprolactam fell. The price of raw material pure benzene has been lowered, and cost support has weakened. Downstream on-demand procurement leads to weak terminal demand. In the second half of October, the market price of caprolactam slightly increased. The price of raw material pure benzene has increased, and under cost pressure, some caprolactam companies have raised their prices. Downstream procurement on demand, with average terminal demand. As of October 31st, the settlement price of Sinopec caprolactam is 13250 yuan/ton, which is a liquid premium product.

Raw material pure benzene market. The price of pure benzene has slightly decreased this month. In the first half of October, prices slightly decreased, while in the second half of October, the price of pure benzene steadily increased. On October 1st, the price was 8172 yuan/ton; On October 31st, the price was 7900 yuan/ton, a decrease of 3.32% compared to the beginning of the month and an increase of 6.39% compared to the same period last year. This month, the price of Sinopec pure benzene decreased by 150 yuan/ton to 8050 yuan/ton.

Downstream PA6 market. This month, the downstream PA6 market fell first and then rose. The demand side is cautious in picking up goods, and market trading tends towards the low end. As of October 31st, the reference average price of domestic PA6 is 14525 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam analysts believe that the caprolactam market has slightly increased recently. The price of raw material pure benzene has increased, and cost support has strengthened. Downstream procurement is in urgent need and should be handled with caution. It is expected that in the short term, the price of caprolactam will be relatively strong, with consolidation and operation being the main focus.