January 22Nd Morning Market Report: Caprolactam Market Is Stable Or Weak In The Short Term.

1. yesterday's market situation:

Yesterday (January 21, 2019), the caprolactam liquid market narrowed narrowing. Recently, the factory started to load higher and the spot supply was adequate.

Confidence in the downstream polymerization plant is weak, and it is more cautious to stock up. The market generally has a general turnover atmosphere. The price of caprolactam liquid spot is 12700-12900 yuan / ton acceptance.

Temporary stabilization of solid market.

2. upstream market:

(1) international crude oil closed on January 21st: China's GDP growth rate is low, dragging down demand expectations, but OPEC is actively implementing the reduction in production and the decline in the number of us oil drilling.

WTI closed for the day on Martin Ruud Kim Memorial Day in the United States; Brent rose 62.74 US $0.04 / barrel.

China's SC main force rose 1903 to 11.1 yuan to 435.9 yuan / barrel.

(2) Asian pure benzene closed in January 21st: 578.5-579.5 U.S. dollars / ton FOB Korea, compared with the previous price rise of US $10.5 / ton.

3. short-term forecasts:

Caprolactam market is still stalemate, the recent trend of crude oil and benzene is strong, cost support is acceptable.

However, the supply and demand side is normal. The current supply of caprolactam is adequate, and the industry lacks confidence in the market.

The caprolactam market is expected to become weaker or weaker in the short term.