January 18Th Market Morning Post: Caprolactam Market Stalemate Atmosphere Difficult To Change Prices Or Maintain Stability

1. yesterday's market situation:

Yesterday (January 17, 2019), the caprolactam liquid market continued to stabilize, and the supply and demand atmosphere was stalemate. Under the condition of sufficient supply, the high price offer was short of paction follow-up.

The price of caprolactam liquid spot market is 12800-13000 yuan / ton acceptance, and high end turnover is still low.

Solid market sideways finishing, manufacturers shipped with them.

2. upstream market:

(1) international crude oil closed on January 17th: 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 17th: 560.50-561.50 U.S. dollars / ton FOB Korea, compared with the previous price fell 6 US dollars / ton.

3. short-term forecasts:

Although caprolactam manufacturers intend to push up in recent years, the market continues to rise more difficult due to the lack of confidence in the downstream industry and the general enthusiasm of the polymerization plant.

It is expected that the caprolactam market will be hard to change in the short term and prices will remain stable in the short term.