1、 Price trend

According to the commodity market analysis system of Shengyishe, the reference average price of domestic caprolactam on November 1st was 12837 yuan/ton, and on November 30th, the reference average price of domestic caprolactam was 13212 yuan/ton. This month, the market price of domestic caprolactam increased by 2.92%.

2、 Market analysis

The domestic market price of caprolactam has risen this month. In mid to early November, the market price of caprolactam slightly increased. The price of raw material pure benzene has been lowered, weakening cost support. Some enterprises are undergoing parking and maintenance, resulting in a decrease in local market supply. Downstream procurement is on demand, and the demand side is relatively stable. In late November, the market price of caprolactam continued to rise and then slightly declined. Some companies may undergo maintenance or load reduction of caprolactam units, resulting in tight spot supply in the market and stable downstream demand. Supported by supply and demand, the market trend of caprolactam is improving. However, the price of raw material pure benzene has continued to decline, with insufficient cost support, resulting in a slight decline in the price of caprolactam at the end of the month. As of November 30th, the settlement price of Sinopec’s caprolactam is 13500 yuan/ton, which is a high-quality liquid product.

Raw material pure benzene market. This month, the price of pure benzene has slightly decreased, with a sharp decline in prices in the middle and late stages. On November 1st, the price was 7913 yuan/ton; On November 30th, the price was 7200 yuan/ton, a decrease of 9.01% from the beginning of the month and an increase of 10.05% from the same period last year. This month, the price of Sinopec pure benzene decreased by 850 yuan/ton to 7200 yuan/ton.

Downstream PA6 market. This month, the downstream PA6 market experienced a first decline followed by a fluctuating rise, with some spot prices starting to rise in mid month. The demand side is cautious in purchasing goods, and market trading tends towards the low-end. The domestic polymerization plant has seen a narrow increase in load, with inventory levels remaining low and a strong willingness to raise prices. As of November 30th, the average reference price for domestic PA6 is 14462.5 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that the caprolactam market has slightly declined recently. The price of raw material pure benzene continues to weaken, with insufficient cost support. As market supply gradually recovers, the positive factors weaken. It is expected that the price of caprolactam will be weak in the short term, with consolidation and operation being the main focus.