1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic liquid caprolactam on December 4th was 13162 yuan/ton, and on December 8th, the average market price of domestic liquid caprolactam was 13112 yuan/ton. The price of caprolactam fell by 0.38% this week.

2、 Market analysis

The market price of caprolactam has fallen this week. The price of raw material pure benzene has been lowered, weakening cost support. Downstream demand has decreased, and procurement is more cautious. The caprolactam unit is gradually recovering, with an increase in supply. At present, the market is mainly bearish, and the market for caprolactam continues to weaken. As of December 8th, the settlement price for Sinopec’s high-end caprolactam this week is 13400 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 dropped. On December 4th, the price of pure benzene was 6867 yuan/ton. On Friday (December 8th), the price of pure benzene was 6703 yuan/ton, a 4.58% decrease from last week. This week, the price of Sinopec’s pure benzene was 6800 yuan/ton (prices in Shandong and Hebei regions fell by 400 yuan/ton simultaneously).

This week, the downstream domestic PA6 market has been operating weakly, with some spot prices adjusted. According to data monitoring by Business Society, as of December 8th, the domestic benchmark price of PA6 mixture was 14350 yuan/ton, a decrease of -0.78% from the average price level at the beginning of the month.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that the caprolactam market has recently undergone a slight adjustment. The raw material pure benzene market has started to recover, and the downstream PA6 market is not good, resulting in reduced demand. Partial caprolactam units have been restored, and supply side support has weakened. It is expected that the price of caprolactam will narrow down in the short term.