1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of caprolactam in China on May 17th was 12900 yuan/ton, which is 0.58% higher than the average market price of 12825 yuan/ton on May 13th.

2、 Market analysis

This week, the market price of caprolactam is on the rise. The price of raw material pure benzene remains stable with minor fluctuations, and cost support is still acceptable. The downstream operating rate has increased, leading to a positive demand for raw materials and an increase in terminal demand. Some companies are planning maintenance for their caprolactam units, leading to a tightening of market supply. As of now, the settlement price of Sinopec caprolactam is 13450 yuan/ton, which is a high-quality liquid product.

Raw material pure benzene market. This week, the price of pure benzene has stabilized. On May 13th, the price of pure benzene was at 8742 yuan/ton, and on May 17th, it was at 8742 yuan/ton. The price has remained stable, increasing by 27.62% compared to the same period last year. This week, the price of Sinopec’s pure benzene is 8800 yuan/ton (prices in Shandong and Hebei regions are synchronized).

Downstream PA6 market. Recently, the domestic PA6 market has been strong and volatile, with spot prices rising more than falling. The domestic polymerization plant has a large and stable load with small fluctuations, and the demand for stocking by end enterprises is relatively strong. As of May 17th, the reference price for domestic PA6 is 14687.5 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that the recent trend of caprolactam market is upward. The improvement in terminal demand, coupled with a decrease in market supply, has driven up the price of caprolactam. It is expected that the short-term market trend of caprolactam will continue to be strong.