1、 Price trend

According to the data of the bulk list of business agency, the average market price of domestic liquid caprolactam was 12000 yuan / ton on August 8, and the average market price of domestic liquid caprolactam was 11433 yuan / ton on August 14. The price of caprolactam fell by 4.72% this week.

2、 Market analysis

The market price of caprolactam continued to fall this week. The price of raw material pure benzene continued to drop, and the cost support of caprolactam weakened. The downstream demand is poor, and caprolactam is mainly purchased on demand. Most of the caprolactam enterprises suffered losses and the operating rate decreased. As of August 14, the price of Sinopec caprolactam liquid was 13200 yuan / ton, and the acceptance was self drawn.

Raw material pure benzene continued to decline this week. On the cost side, crude oil rose as a whole this week, which has a certain support for pure benzene. On the supply side, the shutdown and maintenance devices in the early stage are restarted in succession, and the market supply is expected to increase in the later stage. The import cargo increased, and the inventory of pure benzene in East China port this week increased by 7000 tons to 31000 tons compared with last week. On the demand side, most of the downstream are in deficit, the shutdown of the unit has decreased significantly, the operating rate has decreased as a whole, and the demand for pure benzene has weakened. This week, Sinopec’s pure benzene price was reduced by 200 yuan / ton to 7950 yuan / ton.

3、 Future forecast

According to the caprolactam analysts of business society, the current caprolactam market is dominated by bad news and the price continues to decline. Both the cost side and the demand side are depressed, and the declining market continues. It is expected that the market price of caprolactam will continue to decline in the short term.