January 21St Market Morning Post: The Caprolactam Trend Is Stable This Week.

1. yesterday's market situation:

Last week, five caprolactam liquid market trend is still stable, although the factory has strong price intention, but high price paction difficulties, polymerization factory confidence in the market is insufficient, stock cautious.

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 in January 18th: the number of us oil drilling has reached its biggest decline in the past three years, and the Sino US trade consultation has reappeared. In addition, Russia has said that it will actively cooperate with the OPEC production reduction, and the international oil price has rebounded strongly.

WTI53.80 rose 1.73 US dollars / barrel; Brent 62.70 increased 1.52 US dollars / barrel.

China's SC main force rose 1903 to 2.7 yuan to 424.8 yuan / barrel.

(2) Asian pure benzene closed in January 18th: $568-569 / ton FOB Korea, the price rose 7.5 US dollars / ton compared with last time.

3. short-term forecasts:

The caprolactam market is in a stalemate of supply and demand, and the polymerization plant is still cautious in preparation. Caprolactam plant is now on the high side of the whole operation, with adequate supply from spot and restraining market atmosphere.

In addition, the paction will slow down near the Spring Festival. It is expected that the caprolactam market will be stable this week.