Weak demand leads to a decline in caprolactam prices (8.14-8.18)

1、 Price trend

 

Benzalkonium chloride

According to the Commodity Market Analysis System of Business Society, the average market price of liquid caprolactam in China was 13100 yuan/ton on August 14th, and 12975 yuan/ton on August 18th. Caprolactam prices fell by 0.95% this week.

 

2、 Market analysis

 

The market price of caprolactam has fallen this week. The price of raw material pure benzene has been lowered, resulting in poor cost support. The downstream PA6 chip market has weakened, and the enthusiasm for raw material procurement has decreased. Caprolactam is operating under pressure, and the spot market has declined. As of August 18th, Sinopec’s high-end caprolactam settlement price is 13400 yuan/ton, which is a liquid premium product and will be accepted and self picked up in June.

 

The price of raw material pure benzene has slightly decreased this week. On August 14th, the price of pure benzene was 7817 yuan/ton. On Friday (August 18th), the price of pure benzene was 7769 yuan/ton, a decrease of 0.39% compared to last week and an increase of 2.33% compared to the same period last year. This week, the price of Sinopec pure benzene was 7750 yuan/ton (the prices in Shandong and Hebei regions were synchronized).

 

Sodium Molybdate

This week, downstream PA6 domestic market prices fell. In terms of demand, it is average, and stocking tends towards low-priced sources. As of August 18th, the average factory price of PA6 in China is 14050 yuan/ton.

 

3、 Future Market Forecast

 

Business Society Caprolactam analysts believe that the caprolactam market has been operating weakly recently. The market for raw material pure benzene is weakening, with insufficient cost support. The performance of terminal demand is poor, and the transaction focus of caprolactam is downward. It is expected that the price of caprolactam will be mainly weak in the short term.

http://www.lubonchem.com/

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