January 16Th Morning Market Report: Caprolactam Continues To Rise And Remain Difficult.

1. yesterday's market situation:

Yesterday (January 15, 2019), the price of caprolactam increased by a narrow margin. It was boosted by the rise of Sinopec's listing. Manufacturers actively pushed up, and the price of the caprolactam gradually disappeared. The downstream polymerization plant just needs to be stocked. The price of caprolactam liquid spot price is 12800-13000 yuan / ton, and the high-end transaction is less. Solid aspect needs to be handed in, and the atmosphere is stable.

2. upstream market:

(1) international crude oil closed on January 15th: China says it will introduce economic incentives such as tax cuts, and global economic and oil demand expectations have been boosted, and international oil prices have rebounded sharply. WTI52.11 rose 1.60 US dollars / barrel; Brent 60.64 increased 1.65 US dollars / barrel. China's SC main force fell 1903 to 3.5 yuan to 416.2 yuan / barrel.

(2) Asian pure benzene closed in January 15th: 555.5-556.5 U.S. dollars / ton FOB Korea, compared with the previous price fell 4.5 US dollars / ton.

3. short-term forecasts:

Caprolactam manufacturers offer slightly push up, but substantial high-end trading is still difficult, although the recent polymerization plant gradually stocked the market to form a certain support, but because caprolactam supply is adequate, downstream confidence in the market is not enough, the overall amount of stocking is not large. It is expected that the caprolactam market will continue to rise.