Price trend

According to the data of business club’s block list, the domestic market of caprolactam rose first and then fell in March, with the spot price amplitude of more than 5% in the whole month. As of March 31, the average price of caprolactam sample enterprises was 13233.33 yuan / ton, a decrease of 2.70% compared with the average price at the beginning of the month, and an increase of 47.04% compared with the same period last year.

quotations analysis

At the beginning of the month, the market continued to take advantage of the general rise in the cost side of petrochemical products in February. The monthly average price was about 14150 yuan / ton on the 9th, and then the domestic spot price began to fall. By the end of the month, the price of Nanjing Dongfang caprolactam liquid was 13900 yuan / ton, which was collected by acceptance. The price of Baling Hengyi caprolactam liquid is 13700 yuan / T. The 450000 T / a unit is now in normal operation and delivered by acceptance. The price of caprolactam liquid in Baling Petrochemical Company is 13700 yuan / ton. The 300000 ton / year unit is normally started and delivered. In terms of upstream pure benzene, upstream crude oil is lack of action, and the main downstream styrene demand still needs to be improved and the trend is weak. Both trends had a significant negative impact on pure benzene, which continued to fall in March. The recent profit situation of PA6 polymerization plant downstream of caprolactam is not ideal, the market is short of gas, and the price of PA6 is also bad for caprolactam market.

Future forecast

According to caprolactam analysts of business club, caprolactam showed a ladder like market in March. In the middle of the year, its own supply was tight and the profit was exhausted. The impact of upstream and downstream products on caprolactam began to dominate the market. At present, the spot price has entered the downward channel due to the negative effect of both the cost side and the demand side, but now it has entered the peak maintenance season, and the sharp decrease of the spot supply may support the spot price of caprolactam. It is suggested to pay close attention to the maintenance plan of manufacturers in the near future.