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Entering December, the domestic caprolactam market continued its upward trend.
The price continued to rise by about 600 yuan on the basis of the 1250 yuan (ton price, the same below) in November.
The current quotation and profit margin are both high in the whole year
.
The tight supply pattern is difficult to change, and the cost support is still there, but the downstream is resisting high-priced raw materials.
It is expected that the short-term caprolactam market will slow down, and the year may end at a high level
.
The tight supply pattern is difficult to change, and the cost support is still there, but the downstream is resisting high-priced raw materials.
Supply is still tight Supply is still tight
According to analysts, in December, the domestic caprolactam market rose first and then stabilized
.
At the same time as the price rises, caprolactam has also changed the situation that the profit margin has been greatly reduced in the first half of the year
.
At the same time as the price rises, caprolactam has also changed the situation that the profit margin has been greatly reduced in the first half of the year
.
The continuous increase in the caprolactam market is inseparable from the support on the supply and demand sides
.
Judging from the operation of the devices, Shandong Haili 200,000 tons/year and Zhejiang Juhua 100,000 tons/year caprolactam overhaul units will be restarted in mid-December; Luxi units will operate at reduced load on December 7; Shenma Phase II 20 The 10,000-ton/year unit was temporarily shut down on December 11 due to pipeline problems.
Market participants said that the operating rate of the caprolactam industry will increase slightly in the later period, and the tight supply situation will ease, but the tight pattern will continue
.
Raw materials are high Raw materials are high
It is understood that since October, the focus of the domestic pure benzene market has slowly moved upward, which has become the main factor supporting the price increase of caprolactam
.
It is understood that since October, the focus of the domestic pure benzene market has slowly moved upward, which has become the main factor supporting the price increase of caprolactam
.
Although the current styrene negotiation in the downstream of pure benzene has been frustrated and the demand for polystyrene has weakened, the general direction of the domestic pure benzene rising trend has not changed for the time being
.
In December, the listed price of Sinopec's pure benzene has been raised three times to 4,600 yuan, and the spot price in the East China market has risen, once exceeding 4,600 yuan
.
"The sharp rise in the price of pure benzene is mainly driven by the firmness of the external market
.
" Xia Kang said
.
Since December, the price of pure benzene in Asia has risen to the highest level in seven months, breaking through US$600 again, and the price in Europe and the United States has even exceeded US$700
.
At present, the negotiated price of FOB Korea is 630~634 US dollars; the negotiated price of CFR China is around 620 US dollars; the US negotiated high quotation is 750~753 US dollars
.
.
" Xia Kang said
.
Since December, the price of pure benzene in Asia has risen to the highest level in seven months, breaking through US$600 again, and the price in Europe and the United States has even exceeded US$700
.
At present, the negotiated price of FOB Korea is 630~634 US dollars; the negotiated price of CFR China is around 620 US dollars; the US negotiated high quotation is 750~753 US dollars
.
In addition to the boost from the external disk, the continued slow decline of domestic pure benzene inventory levels has also strengthened market confidence
.
According to statistics, the current inventory of pure benzene is at the lowest level in the second half of the year, and the import volume has also declined in recent months
.
.
According to statistics, the current inventory of pure benzene is at the lowest level in the second half of the year, and the import volume has also declined in recent months
.
"From the perspective of the market outlook, the high price of pure benzene outside the market still supports the domestic market
.
In addition, the current downstream profitability is acceptable, and the high price of pure benzene is also acceptable
.
On the whole, the current fundamentals are better than the previous period.
The benzene market will continue to rise, and will continue to support the cost of caprolactam
.
" Xia Kang said
.
.
In addition, the current downstream profitability is acceptable, and the high price of pure benzene is also acceptable
.
On the whole, the current fundamentals are better than the previous period.
The benzene market will continue to rise, and will continue to support the cost of caprolactam
.
" Xia Kang said
.
Downstream procurement is cautious
Downstream Procurement Cautious Downstream Procurement CautiousIn China, about 98% of caprolactam is used to produce PA6 chips, and PA6 chips can be further processed into fibers, engineering plastics, BOPA films, etc.
, which are widely used in textiles, home appliances, automobiles, packaging materials and other fields
.
, which are widely used in textiles, home appliances, automobiles, packaging materials and other fields
.
According to industry analysts, the current operating load of the PA6 plant has increased slightly, reaching 80%, and the demand for caprolactam has remained stable
.
Ningbo Hengrun 50,000 tons/year, Changde Haili 85,000 tons/year, Fujian Tianchen Yaolong 20,000 tons/year, Shandong Jiachuang 40,000 tons/year PA6 units are in shutdown state, and other units are operating normally
.
From the perspective of terminal demand, benefiting from the recovery of the macro economy and export market, the domestic auto market continued to strengthen
.
In November, China's passenger car production and retail sales maintained a growth rate of around 8% for five consecutive months, the highest in the past two years
.
In addition, since September, driven by multiple advantages such as the return of overseas orders, China's textile industry has recovered as a whole.
In addition, the "Double Twelve" and "Two Festivals" are optimistic about the demand for packaging products, which also supports the caprolactam market
.
.
In November, China's passenger car production and retail sales maintained a growth rate of around 8% for five consecutive months, the highest in the past two years
.
In addition, since September, driven by multiple advantages such as the return of overseas orders, China's textile industry has recovered as a whole.
In addition, the "Double Twelve" and "Two Festivals" are optimistic about the demand for packaging products, which also supports the caprolactam market
.
In the later period, PA6 enterprises will have new production capacity, and the demand for caprolactam will maintain a steady growth trend
.
Jiangsu Weiming's 100,000-ton/year new polymerization unit has begun to heat up, and it is expected to produce products this month; Hengshen's 200,000-ton/year unit is initially expected to open a line this month, which will be beneficial to the caprolactam market
.
.
Jiangsu Weiming's 100,000-ton/year new polymerization unit has begun to heat up, and it is expected to produce products this month; Hengshen's 200,000-ton/year unit is initially expected to open a line this month, which will be beneficial to the caprolactam market
.
However, with the high price of caprolactam, the downstream began to be cautious about the purchase of raw materials, and the market trading gradually became weaker.
It is expected that the growth of the caprolactam market will slow down in the later period
.
It is expected that the growth of the caprolactam market will slow down in the later period
.
