Caprolactam Market Keeps Rising And Environmental Protection Is Coming Together.

At present, the spinning market is better, the terminal mill's inventory digestibility is fast, the demand for high-speed spinning and slicing is kept normal, and high-speed spinning and slicing is expected to follow the trend of raw materials, and the possibility of short-term drop is unlikely.

Overall, the caprolactam industry is facing the negative impact of the decline of pure benzene, but the supply and demand situation has not changed substantially. It is believed that the latter trend will be the general trend of the industry. There are some negative aspects in cost and terminal, which may lead to a slower growth.

Downstream demand side

The strong support can still maintain a positive and upward trend. But from the terminal receiving situation in December, the staple market has already had the resistance to high priced raw materials, and the volume of cargo receiving is slowly decreasing. The demand of the injection molding industry is normal. Basically, it keeps the goods in order.

In late December, the domestic caprolactam market maintained a rising market, the downstream demand was strong, and the trading atmosphere remained strong. Judging from the recent market impact factors, with the decline of domestic benzene prices, the continuous high fever of raw material costs has subsided, and the supporting role of cost is weakening.

At present, the price of benzene in South Korea has dropped for several consecutive days, closing at 802 US dollars / ton as of December 19th, down 93.5 US dollars / ton compared with the beginning of last week.

However, the domestic caprolactam market has not been affected much, and the main supply and demand factors have played a supporting role at present.

In late December, the northern weather began to enter heavy haze. In Beijing, Hebei, Shandong and other parts of the region, the air pollution index reached PM above 400, and environmental supervision began to increase. The environmental protection group was stationed in Hebei, Shandong and Shanxi provinces.

Currently affected

The production plant includes Shandong Zibo Haili chemical industry, Shandong Luxi Chemical Industry, Shandong Fang Ming chemical industry, Hebei Shijiazhuang refining and chemical industry, Hebei Cangzhou sunyang chemical industry, involving a total capacity of about 600 thousand tons, accounting for 23% of the total domestic caprolactam production capacity.

The limited production devices of these enterprises are not only for caprolactam plant, but also for the upstream benzene hydrogenation unit, coking plant and cyclohexanone plant.

According to the analysis, 12 months later, due to the increase of environmental supervision in the northern part of China, it is expected that the majority of caprolactam manufacturers in Shandong and Hebei may face different levels of production restriction or parking before and after the Lunar New Year's Eve. This situation is similar to that during the spring Festival of 2015.

Therefore, from late December to January, the supply of caprolactam in China will be in a tight supply trend.

On the other hand, on the market operation level, some of the outer nylon nylon chips entered the country in the middle and late 12, because the shipment cost of the sliced goods was longer than the mainstream price of the domestic polyamide chip market when the shipment period was longer.

In the short term, it has come down. The analysis shows that although there is a callback trend in the conventional spinning section from the cost side, it is unlikely that the manufacturers will keep up with the market as a result of the high production costs, and whether the traders are making profits or the foreign goods are attacking the domestic market are all the impact of a small number of suppliers.

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