Caprolactam market may maintain volatility and weaken expectations in the short term
2023/8/15
From the perspective of market cost, the recent crude oil market has been operating strongly, which has driven the price of pure benzene to rise all the way. The inventory level of East China ports has continued to decrease. Under the sentiment of pure benzene being reluctant to sell, shipments are made at high prices, causing the spot quotations on the market to continue to rise to the highest As of the close on August 14, the spot price of pure benzene in East China was 7650-7670 yuan/ton. The supply of pure benzene is tight, and the downstream will follow up on demand. Supported by multiple favorable factors in the market, the short-term pure benzene market is relatively volatile.
From the perspective of the supply side, domestic caprolactam enterprises continue to be in a state of loss in production, and manufacturers are less enthusiastic about production. At present, the overall start-up of the industry is still maintained at a level of around 80%. The 140,000-ton/year plant in Sanning, Hubei Province is currently in stable operation. It was originally planned to be overhauled on August 7, but the overhaul time is now postponed, and the specific time is to be determined. Henan Shenma's 200,000-ton/year caprolactam production line plans to overhaul for about 5 days in August, and the specific time is to be determined. Baling Petrochemical's 80,000-ton/year caprolactam plant was shut down on August 8, and the 300,000-ton/year new line is expected to be commissioned by the end of August. Inner Mongolia Kingho's 100,000 tons/year caprolactam plant has been shut down for a long time. One line of Jiangsu Haili was shut down for maintenance on April 1, the restart was postponed, and the other line was still shut down. Shijiazhuang Refining & Chemical's 100,000-ton/year unit has been shut down for capacity expansion since August 21, and the specific start-up time is to be determined. Recently, there has been little change in the on-site installations, and the overall supply pattern is relatively stable.
From the perspective of downstream demand, the demand for PA6 slices remains differentiated in the near future. The supply of high-speed spinning matt slices and semi-gloss slices is tight, which plays a major role in the follow-up of raw materials. The conventional spinning market is weak, and the overall demand performance is average. Raw materials The demand is limited, which plays a restrictive role in the improvement of the market at this stage.
To sum up, for the market outlook, the information predicts that the caprolactam market may maintain volatility and weaken expectations in the short term. Although the upstream pure benzene market is relatively strong to give a positive boost to the market, the downstream demand is insufficient to follow up, and the market maintains a cautious wait-and-see state. The caprolactam market is in a dilemma, and may maintain a range-based trend. It is hoped that the industry will operate cautiously and continue to wait and see the various news in the market. influence.
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