Caprolactam Is Still Strong In China.

1. international crude oil continued to hovering between $85-90 / barrel, right.

2. the domestic load of caprolactam is still not up to the maximum load, and the overall supply of the plant is tight.

3. the Honeywell plant in the United States has been affected by force majeure and has stopped. Although it has limited impact on the Chinese market, it supports the market mentality.

4. downstream load: civilian polymerization plants run smoothly today, civil polymerization load is 88%, industrial polymerization is 86%.

Negative factors

1. near the interest rate sensitive window, businesses operate more cautiously.

2. downstream factory load is higher, but mostly for early orders, coupled with the recent decline in the PA6 market, PA6 factory finished inventory began to show pressure, profit margins tightened significantly.

3. after the completion of the downstream supplement, the market is hard to push forward and the mentality is down.

Analysis and influencing factors

The caprolactam spot market is different from each other, and the overall situation is deadlocked.

In the good sense, the supply of supply is still undisputable.

The seller's intention price is relatively strong due to the influence of the downstream factory demand, the new high price abroad, the high cost of handheld traders, and the unexpected shutdown of foreign installations.

However, downstream manufacturers have been struggling to move slowly under the pressure of weak demand, and the market atmosphere has been weakening. Recently, oil prices and the macro market also have some impact on the market. In the later stage, we need to pay close attention to the trend of economic policy. In the short term, caprolactam is still strong, but the possibility of a steady decline is likely to be greater after the end of the downstream purchase.