1、 Price trend
Caprolactam has fallen in a row since February, ending the week’s decline, according to data from the business club’s large list. On February 24, the average ex factory price of domestic caprolactam liquid was 10633 yuan / ton, and on February 28, the average ex factory price of domestic caprolactam liquid was 10633 yuan / ton, which was stable in the week. So far, the caprolactam commodity index on February 28 is 53.48, down 0.17 points from yesterday, a record low in the cycle, down 46.52% from the peak of 100.00 on March 2, 2017. (Note: cycle refers to 2017-03-01 till now)
| Benzalkonium chloride |
2、 Market analysis
Product: up to now, the price of caprolactam liquid in Shandong Luxi Chemical Co., Ltd. is 10000 yuan / ton, cash is delivered, the manufacturer’s capacity is 300000 tons, and the actual transaction can be discussed. The price of Nanjing Dongfang caprolactam liquid is 11300 yuan / ton, and the unit capacity is 400000 tons / year. The price of Baling Hengyi caprolactam liquid is 11100 yuan / ton, and the capacity of the unit is 450000 tons / year, which will be delivered upon acceptance. The price of caprolactam liquid of Baling Petrochemical Company is 11100 yuan / ton, and the capacity of the unit is 300000 tons / year, which will be delivered upon acceptance. Fujian Tianchen Yaolong caprolactam liquid price 11500 yuan / ton, contract order, unit capacity 280000 tons / year.
Industry chain: this week’s trading atmosphere of pure benzene was weak, crude oil and external market fell, and the support under pure benzene was insufficient. The lack of downstream shipping power and inventory accumulation further worsened the confidence of pure benzene market participants. On Wednesday, Sinopec cut the price of pure benzene by 150 yuan / ton to 5350 yuan / ton. This week, the market of cyclohexanone was weak and trading was light. Caprolactam deficit factories maintain low load operation, most of the factories have met the supply of caprolactam by their own cyclohexanone, and they basically do not need to recover cyclohexanone. The solvent factories are slow to return to work, and the demand for cyclohexanone in their own solvent market is relatively small, the overall market demand is sluggish, there are few deals, the market shipment is slow, cyclohexanone maintains low load operation, and some factories offer high prices Down 100 yuan / ton.
| Sodium Molybdate |
Industry: according to the price monitoring of the business agency, in the list of commodity prices rising and falling in the eighth week of 2020 (2.24-2.28), there are 14 kinds of commodities in the chemical industry sector, among which there are 2 kinds of commodities with an increase of more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top 3 commodities are sulfur (18.44%), liquid ammonia (7.51%) and ammonium chloride (2.44%). There are 29 commodities with a decline of 5% or more, accounting for 2.3% of the monitored commodities in the sector; the top three products with a decline are propane (- 8.49%), epichlorohydrin (- 7.81%) and R134a (- 5.00%). This week’s average was – 0.33%.
3、 Future forecast
Caprolactam analysts believe that the current decline in caprolactam slowed down, but there is still a downward trend. At present, caprolactam enterprises have higher inventory, lower raw material prices, lower downstream demand, and the industry is not optimistic about the current market. It is expected that caprolactam will mainly digest inventory in the later period, and the price will still fall.
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