1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of domestic caprolactam on March 4th was 13850 yuan/ton, and on March 8th, the average market price of domestic caprolactam was 13525 yuan/ton. The price of caprolactam fell by 2.35% this week.

2、 Market analysis

The market price of caprolactam has fallen this week. This week, the price of raw material pure benzene has been lowered, and cost support has weakened. At present, the market has sufficient supply and limited downstream demand, leading to an increase in bearish sentiment in the market.

This week, the price of raw material pure benzene has dropped. On March 4th, the price of pure benzene was 8275 yuan/ton. On Friday (March 8th), the price of pure benzene was 8261 yuan/ton, a 2.61% decrease from last week. This week, the price of Sinopec’s pure benzene was 8350 yuan/ton (prices in Shandong and Hebei regions fell by 200 yuan/ton simultaneously).

The downstream PA6 market prices have fallen this week. Enterprise quotations have been lowered, mainly for old customers. As of March 7th, the average reference price for domestic PA6 is 15150 yuan/ton.

3、 Future Market Forecast

Business Society Caprolactam Analysts believe that the caprolactam market has weakened recently. Insufficient cost support, coupled with oversupply in the market, has led to an increase in bearish factors. It is expected that the short-term market for caprolactam will continue to be weak and mainly consolidate.