Sinopec raises caprolactam listing price again in July

Caprolactam: Sinopec's listing price for caprolactam in July was 11300 yuan/ton (self-raised in March, superior liquid materials), up 200 yuan/ton from the previous listing and 950 yuan/ton from last month's settlement. Its Baling Petrochemical, Baling Hengyi unified implementation of this price.

14

2016/07

Caprolactam Market Morning Forecast

CPL yesterday the domestic caprolactam market is strong to sort out the market, the mainstream manufacturers to maintain a high offer, push up the intention to positive, downstream aggregation to pick up the goods can be. Yesterday, Sinopec raised the listing price of pure benzene again, which has been raised for the third time in a row this month, and the cost pressure of caprolactam continues to increase. Short-term Jiangsu Dafeng Haili, Hebei Xuyang, Nanjing Oriental have been restarted, the market supply tension is expected to ease slightly, the current industry social inventory is low, the factory push up more positive, the market is expected to maintain a strong market.

12

2016/07

Caprolactam Market Outlook

CPL last week the domestic caprolactam market narrow finishing, affected by the supply of tight, trading atmosphere around the strong. Last weekend, Sinopec raised the listing price of pure benzene, increasing the cost pressure of caprolactam and expanding the loss area of the industry. This week, the domestic Hubei Sanning and Hebei Xuyang caprolactam plants are planned to restart. In the short term, the market supply is gradually resuming increment, and the downstream and terminal demand remain unchanged. The support for the current price trend of caprolactam plants is weakening. It is expected that the market will maintain a narrow adjustment within this week. It is suggested to pay attention to restart progress.

04

2016/07

Caprolactam Market Morning Forecast

CPL yesterday the domestic caprolactam market continued to be strong, the supply of goods in various regions is tight, the transaction price is relatively strong. The recent impact of Brexit has continued to ferment, and the increase in risk aversion in European capital has led to falling oil prices, which has significantly depressed commodity market sentiment in the short term. Due to the shortage of supply in the domestic market, factories maintain high-price sales, and the market is slowly pushing up. It is expected that the short-term market will remain stable and strong.

28

2016/06

Caprolactam Market Morning Forecast

CPL yesterday the domestic caprolactam market stable medium to the upper market, the market low turnover gradually reduced, the center of gravity slowly moved up. Recently downstream polymerization started stable, around the supply of goods highlighted tight, market prices have been effectively supported, in the short term the factory to maintain a small push up. At present, the terminal demand is weak, the lack of good news, is expected to short-term caprolactam market narrow strong market, it is recommended to pay attention to the recent Sinopec settlement price introduced.

23

2016/06

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