1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on January 1st was 13842 yuan/ton, and on January 7th, the average market price of domestic liquid caprolactam was 13837 yuan/ton. The price of caprolactam fell by 0.04% this week.

2、 Market analysis

This week, the market price of caprolactam has been fluctuating and consolidating at a high level. The price of raw material pure benzene has increased, leading to increased cost support. At present, the spot supply of caprolactam is tight, and downstream suppliers follow up on procurement as needed, with a market wait-and-see mentality as the main focus. As of January 7th, the settlement price for Sinopec’s high-end caprolactam this week is 14250 yuan/ton. It is a liquid premium product and will be accepted and self picked up in June.

This week, the price of raw material pure benzene has slightly increased. On January 1st, the price of pure benzene was 7218 yuan/ton. On Friday (January 5th), the price of pure benzene was 7420 yuan/ton, an increase of 2.55% from last week and 5.87% from the same period last year. This week, the price of Sinopec pure benzene was 7450 yuan/ton (prices in Shandong and Hebei regions increased by 200 yuan/ton simultaneously).

The downstream PA6 market has risen this week. As of January 7th, the average reference price for domestic PA6 is 14725 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that the caprolactam market has been fluctuating recently. The cost side support is good, and the caprolactam market is strong at a high level, but there are plans to restart the equipment in the later stage. It is expected that the short-term price of caprolactam will be mainly adjusted and operated within a narrow range. It is recommended to pay attention to cost and supply-demand changes.