Caprolactam 2019 In The First Half Of The Year: Prices As A Whole Are At A Low Level For Three Years.

One , Two thousand and nineteen Review of price trend in the first half of 2014

One point one On the spot:

chart 12019 Market price trend of caprolactam in 2013

Source: lung Chung

According to long Zhong information statistics, Two thousand and nineteen Caprolactam, East China market, liquid spot prices at the beginning of the year 12400-12500 element / Ton, 1-4 Prices rose in July. Four The month rose to the highest level in six months. Fourteen thousand and three hundred element / Tons; Five After the month, the market fell into a downward trend. Six Month fell to the lowest half year Eleven thousand six hundred and fifty element / Tons accepted.

Two thousand and nineteen year 1-4 In September, the market of caprolactam was on the rise. among 1-2 Month due to downstream PA6 Slicing needs a good atmosphere, especially PA6 Most of the factories were sliced up before the Spring Festival, and the polymerization plants started to work before and after the Spring Festival, supporting the formation of caprolactam. also Two thousand and nineteen year PA6 Aggregate new capacity to release centrally. One June Lun plastics industry added capacity Three point five Million tons, new capacity in Haiyang, Jiangsu Seven Million tons, new production capacity Seven Million tons, along with Seventeen point five With the growth of 10000 tons of capacity, the demand for caprolactam increased, and after the Spring Festival, the supply of superior products in Luxi was reduced, baling Heng and baling petro caprolactam parts were stopped for maintenance. Caprolactam entered a tight supply situation, and the price of caprolactam market rose strongly after the Spring Festival. to Two In late April, the liquid spot price in East China market rose to 13800-14000 element / Tons.

3-4 The caprolactam market was slightly deadlocked in April. downstream PA6 The production capacity of the polymerization plant continues to be put into operation, and the operation of Tongling Jiahe Seven 000 tons, Zhejiang Hengyi production total Twenty-one The demand for caprolactam continues to increase as 10000 tons, plus the Shanxi Lu Bao and Yang coal plant are gradually driving. But downstream PA6 The concentrated release of aggregate capacity has intensified the oversupply of slicing, resulting in downstream production. PA6 The slicing market is showing signs of weakness, and the weakness of downstream follow-up has inhibited the rise of caprolactam market. Three Price of caprolactam in April 13800-14000 element / Tons of shock and wandering. Three At the end of the month, Jiangsu sea power Twenty 10 million tons of caprolactam plant due to the Yancheng Chemical Industrial Park safety inspection accidentally stopped, plus Nanjing East. Twenty The inspection and repair of 10000 tons of equipment made the supply of caprolactam short supply in the short run, and the market price rose slightly again. Fourteen thousand and three hundred element / Tons accepted. Since then, the demand for terminal spinning has not been started yet. PA6 The supply of slices is increasing. PA6 The volume and price of the sliced market are falling down, which is a drag on caprolactam formation. Caprolactam in Shen Yuan, Fujian Forty Maintenance of 10000 tons of equipment, Jiangsu Haili Twenty Ten thousand ton plant parking, Nanjing East Twenty The price is deadlocked in the case of more than 10000 tons of plant parking and heavy load reduction and short stop parking of Yangquan coal plant. Fourteen thousand and three hundred element / Near tonnes.

Five After the month, the caprolactam market has entered a downward path. The weakness of the peripheral economic situation and the increasing tariffs of the United States on China's products have affected the demand of the downstream spinning industry, and the demand for nylon spinning market is in the doldrums. The negative impact of terminal demand is gradually upward. PA6 In the case of a substantial reduction in the production of the polymerization plant, caprolactam is spanferred to the situation of supply exceeding demand, and the price center of gravity drops all the way. Six Eastern China's lowest spot in June 11500-11700 element / Tons rose slightly at the end of the month. 11800-12000 element / Tons accepted.

chart 22017-2019 Monthly average price of Caprolactam

Source: lung Chung

surface 12017-2019 Comparison of annual average price

Unit: Yuan / ton

Source: lung Chung

Contrast 2017-2019 The average monthly price of caprolactam is about 200%. Two thousand and nineteen Caprolactam prices were at a low level for three years. Six The average price of the month is up to now. Eleven thousand seven hundred and eighty-six element / Tons, the price is approaching. Two thousand and seventeen Annual minimum price Eleven thousand four hundred and three element / Tons.

One point two Contractual aspects:

surface 22019 Sinopec's caprolactam listing price statistics

Unit: Yuan / ton

Source: lung Chung

Sinopec Six In August, the price of caprolactam was lowered three times in a row. Eleven thousand and nine hundred element / Ton, for Two thousand and nineteen In the first half of the year, the listing price was low. Six Monthly settlement price Eleven thousand seven hundred and fifty element / Tons.

Two , Two thousand and nineteen Analysis of caprolactam profit in the first half of 2014

Figure 3 Two thousand and nineteen Analysis of caprolactam gross profit in the first half of the year

Source: lung Chung

According to long Zhong information statistics, Two thousand and nineteen The average gross profit of caprolactam in the first half of the year Two thousand and thirteen element / Tons, less gross profit than the same period last year. Nine hundred and ninety-six element / Tons, decrease 33.10% 。 With the recent decline in the price of caprolactam, up to Six month Twenty-four Daily caprolactam gross profit dropped Four hundred and fifty element / Near tonnes.

Three Caprolactam market forecast

Looking at the price trend of caprolactam market in the past few years, Two thousand and seventeen Annual maximum monthly average price Eighteen thousand eight hundred and sixty-seven element / Ton ( Two Monthly minimum monthly average price Eleven thousand four hundred and three element / Ton ( Five Month); Two thousand and eighteen Annual maximum monthly average price Seventeen thousand nine hundred and nineteen element / Ton ( Nine Month, minimum monthly average price Thirteen thousand and thirty-eight element / Ton ( Twelve Month). 2017-2018 Caprolactam in the second half of the year 7-9 The month is basically on the rise. Combined with previous market operation rules and Two thousand and nineteen Supply and demand situation in 2013, with the gradual downgrading of downstream industry inventory, downstream downstream bulk procurement is expected to support market growth, is expected 8-9 The caprolactam market is likely to increase in the month, but the rise depends on the improvement of the external economic environment and terminal demand.

2019-2021 Caprolactam PA6 Slicing industry may enter a new adjustment period, in the short term. PA6- caprolactam - The price of all the links in cyclohexanone runs around the cost line, and the terminal market demand is weak. Two thousand and nineteen The total profit of cyclohexanone and caprolactam will be lower than that of last year.

According to long Zhong information statistics, 2020-2021 The caprolactam project has a new capacity of up to Two hundred and fifty Million tons, such as late planned production capacity released on schedule. Two thousand and twenty-one Caprolactam may also enter a situation of supply exceeding demand after the year.