1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic caprolactam on May 1st was 12825 yuan/ton, and on May 31st, the average market price of domestic caprolactam was 13627 yuan/ton. This month, the market price of domestic caprolactam increased by 6.26%.

2、 Market analysis

The domestic market price of caprolactam has continued to rise this month. The price of raw material pure benzene has increased this month, leading to increased cost support. 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.

Cost side

The price of raw material pure benzene has increased this month. On May 31st, the price of pure benzene was 9120 yuan/ton, an increase of 5.17% from the beginning of the month and 39.02% from the same period last year. As of now, the price of Sinopec pure benzene is 9100 yuan/ton (prices in Shandong and Hebei regions have increased by 300 yuan/ton simultaneously).

Demand side

The downstream PA6 market has risen this month. The price of caprolactam continues to strengthen, increasing support for the cost side of PA6. The load of domestic polymerization plants is stable with an increase, and the demand for stocking by terminal enterprises is relatively strong. As of May 31st, the domestic PA6 mixed benchmark price is 15100 yuan/ton, and it may be slightly stronger in the short term.

3、 Future Market Forecast

According to caprolactam analysts from Business Society, the price of raw material pure benzene has continued to strengthen recently, with increased cost support. Downstream procurement is relatively cautious, with a focus on replenishing as needed. It is expected that in the short term, the market price of caprolactam will tend to be high and strong, with consolidation and operation as the main trend.