1、 Price trend

According to the Commodity Market Analysis System of Business Society, the reference average price of domestic caprolactam on February 1st was 13735 yuan/ton, and on February 29th, the reference average price of domestic caprolactam was 13900 yuan/ton. This month, the market price of domestic caprolactam increased by 1.20%.

2、 Market analysis

The domestic price of caprolactam fluctuated and increased this month. The price of raw material pure benzene has increased this month, leading to increased cost support. Driven by raw materials, the market trend of caprolactam is on the rise. Before the holiday, some caprolactam enterprises reduced their load operation, resulting in a decrease in market supply. Downstream replenishment is mainly based on demand, and the market transaction atmosphere is good. At the end of the month, the pure benzene market fell, and the price of caprolactam slightly decreased. Last week, Sinopec settled a price of 14500 yuan/ton for caprolactam, which is a high-quality liquid product.

Raw material pure benzene market. The domestic price of pure benzene has increased this month, and since the beginning of the month, the price of pure benzene has been continuously rising. At the end of the month, the price has slightly declined. On February 1st, the price was 7967 yuan/ton, and on February 29th, it was 8478 yuan/ton, an increase of 6.41% from the beginning of the month. This month, Sinopec’s pure benzene price is 8550 yuan/ton.

Downstream PA6 market. This month, the domestic PA6 market has strengthened, with some spot prices rising. As of February 29th, the domestic reference price for PA6 is 15200 yuan/ton, an increase of 2.88% compared to the beginning of the month.

3、 Future Market Forecast

According to caprolactam analysts from Business Society, the recent decline in raw material pure benzene prices has weakened cost support. Downstream demand is stable, and a cautious mindset is increasing. It is expected that the market price of caprolactam will be weak in the short term, and consolidation will be the main trend.