January 15Th Market Morning Post: Sinopec January Caprolactam Listing Price Increase Of 200 Yuan / Ton
1. yesterday's market situation:
Yesterday (January 14, 2019), caprolactam market steadily improved, with the focus of early market pactions gradually rising, the venue low price disappeared.
Downstream polymerization plant gradually stocked, caprolactam liquid spot price reference 12700-12800 yuan / ton.
The solid market is relatively stable, and the main business is just needed.
2. upstream market:
(1) international crude oil closes on January 14th:
The optimistic expectations of Sino US trade negotiations weakened, coupled with the poor economic data and renewed worries about demand, and international oil prices continued to fall.
WTI50.51 fell 1.08 US dollars / barrel; Brent fell 58.99 US $1.49 / barrel.
China's SC main force fell 1903 to 4 yuan to 419.7 yuan / barrel.
。
(2) Asian pure benzene closed in January 14th: $560-561 / ton FOB Korea, compared with the previous price fell 5.5 US dollars / ton.
3. short-term forecasts:
Yesterday (January 14, 2019) the price of Sinopec January caprolactam was raised by 200 yuan / ton to 13000 yuan / ton, which will bring about a certain boost to the market atmosphere, and the aggregate factory will have the demand in stock this week, and the atmosphere of caprolactam will continue to be better.
However, the overall load of caprolactam plant is high and the supply of spot will be sufficient or will restrict the market. The price of caprolactam market is expected to rise narrowly today.
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