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.