January 24Th Market Morning Post: Caprolactam Liquid Continued Stable Trend

1. yesterday's market situation:

Yesterday (January 23, 2019) caprolactam liquid continued stable trend, Sinopec clearing price in 12800 yuan / ton, load market expectations.

The stock of downstream polymerization plant is still cautious. The price of caprolactam liquid spot is 12700-12900 yuan / ton acceptance.

Solid market trading slowed down and prices stabilized.

2. upstream market:

(1) international crude oil closed on January 23rd: Russia's actual output cut is not good, and international oil prices continue to fall, but the recovery of US stocks and the weakening of the US dollar limit the decline.

WTI fell 52.62 to 0.39 dollars per barrel; Brent 61.14 fell 0.36 dollars / barrel.

China's SC main force fell 1903 to 10.1 yuan to 428.4 yuan / barrel.

(2) Asian pure benzene closed in January 23rd: 564.5-565.5 U.S. dollars / ton FOB Korea, compared with the previous price fell 4 U.S. dollars / ton.

3. short-term forecasts:

Near the Spring Festival holiday, caprolactam market volatility is limited, manufacturers are more stable price shipment, trader enthusiasm generally.

Downstream polymerization plant has been gradually stocked, but due to lack of confidence in the market, not a large number of warehouse, just need to stock.

The caprolactam market is expected to be relatively balanced in the short term and the price will be relatively stable.