Price Trend
According to the data from the business associations’list, the domestic caprolactam market price dropped this month. The average ex-factory price of caprolactam was 12983 yuan/ton at the beginning of the month and 12003 yuan/ton at the end of the month, a decrease of 7.32%.
| Sodium Molybdate |
II. Market Analysis
Products: At the beginning of the month, the price of caprolactam liquids market dropped sharply. From mid-month to the end of the month, the price of caprolactam liquids began to fluctuate. The mainstream price of domestic liquid caprolactam market is RMB 1210-12300 per ton. As of August 31, the price of caprolactam liquids in Shandong Luxi Chemical Industry was 11600 yuan/ton, cash was discharged from the factory, and the first and second phases of caprolactam liquids were running normally; the actual transaction was negotiable; the price of caprolactam liquids in Sanning, Hubei Province was 12,200 yuan/ton, the contract was the main one, 140,000 tons of caprolactam liquids normally, and the price of caprolactam liquids in Tianchen, Fujian 00 yuan/ton, normal operation of the device. At present, the opening rate of caprolactam plant is stable, and the spot supply in the market is still acceptable.
Industry chain: The upstream market of cyclohexanone first fell and then rose in August. According to the sample data monitored by business associations, the price of cyclohexanone was 8333 yuan/ton at the beginning of the month, 8133 yuan/ton at the end of the month, with a decrease of 2.40% in the month. Prices fell 34.13% over the same period last year. During the month, Luxi and Haili cyclohexanone export is unstable, spot supply is not much, chemical fiber market demand is general, cyclohexanone fluctuates in the range of 500 yuan/ton. The downstream PA6 market is weak and prices are falling. Traders’mainstream offer price of 2.75-2.85 for Sino-Viscose is about 13650.00 yuan/ton, which is 2.50% lower than that at the beginning of the month. Domestic PA6 spot supply is relatively adequate, downstream demand follow-up improvement is limited, maintain just needed procurement. In the mid-term, the US news of the postponement of the release of China’s tariff policy was positive. Domestic business confidence improved and the decline of PA6 eased. However, high-price orders were still difficult to deliver, traders had greater resistance to shipment, and buyers and sellers were cautious in their operation.
| Gamma-PGA (gamma polyglutamic acid) |
Industry: According to the price monitoring of business associations, in August 2019, there were 37 commodities rising annually in the chemical sector, of which 15 commodities increased by more than 5%, accounting for 17.9% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (39.93%), acetic acid (20.90%) and butadiene (14.47%). There are 39 kinds of products with a decline of more than 5%, accounting for 15.5% of the monitored products in this sector. The products with the first three declines are yellow phosphorus (-27.58%), epichlorohydrin (-23.28%) and sulfur (-19.38%). This month’s average rise and fall was 0.03%.
3. Future Market Forecast
The analyst of caprolactam of business association thinks: At present, the caprolactam market is affected by terminal, and the overall situation is weak. The demand for caprolactam is hampered by the rising price of raw materials in the upstream, insufficient follow-up in the downstream and weak market. It is expected that the price of caprolactam will be adjusted weakly in the future.
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