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Supply Return In May, Caution Is Needed In Caprolactam Market.

2020/4/28 13:00:00 77

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Monthly maintenance of caprolactam plant was more frequent, including Shanxi orchid. Thirteen Ten thousand ton plant shutdown inspection and maintenance, Shijiazhuang refining and chemical industry Ten Ten thousand tons of plant parking repair, Tian Chen Yao long Thirty-five 10000 tons of device parking repair, Nanjing east one Twenty Maintenance of 10000 tons of equipment, plus Jiangsu sea power Twenty Ten thousand tons, Heze Xu Yang Ten The caprolactam stop device is involved in the 10000 ton plant parking. One hundred and eight Million tons capacity. And Hubei three Ning, Zhejiang giant device short stop, Lu Bao He Yongrong device short term negative load. Four Monthly caprolactam overall load fell to 63% Nearby.

surface 14 Monthly operation statistics of caprolactam unit

Enterprise name	Device dynamics
Shandong Haili	Four Monthly normal production.
Luxi Chemical Industry	Four Monthly normal production.
Xu Yang, Heze (Eastern Ming Dynasty)	One line stops, another line loads 7-8.
Jiangsu Haili	The device stopped in March 26, 2019.
Nanjing Oriental	A line will be shut down from April 5th to the end of the month and the other line will be 8.
Fujian Tianchen	Four The car will be servicing for one month from 7 months.
Baling Heng Yi	Three The monthly load is basically around 8.
Zhejiang Juhua	Four Parking inspection for 8 weeks.
Cangzhou Xu Yang	Three The car will be overhauled on 23 February and will be restarted in early April.
Shijiazhuang refining and chemical industry	Four The car will be overhauled from 5 to April 24th, and will be restarted at the end of the month.
Shanxi Lu Bao	Four In the middle of June, the load dropped to 6-7 in the short term, and now the load is resumed.
Shanxi Yangmei	Four The load is 9 per month.
Shanxi orchid	Three On the evening of 24, the car will be overhauled for 40 days.
Ping Coal Shenma	Four Normal production in June.
Baling Petrochemical Company	Four The load of two lines in the month is 8.
Hubei three Ning	Four Parking repair on 13 May, restart in April 16th.
Fujian Shen Yuan	The load is around 8.
Wing wing group	Four The short-term load drop in June has returned to normal.

Source: lung Chung

chart 12019-2020 Comparison of monthly caprolactam yields

Source: lung Chung

Two thousand and twenty The demand for caprolactam dropped and the output declined significantly in 2008. According to long Zhong information statistics, Four Monthly caprolactam monthly output Twenty-three 000 tons, less than the ring 10.05% Year-on-year reduction 13.34% 。

chart Two Caprolactam, PA6 Slice market trend chart

Source: lung Chung

After the Ching Ming holiday, based on OPEC + The optimism of production cuts is expected to increase crude and benzene, plus caprolactam. PA6 Slicing fell to historical low in the early stage, and the bottom line was positive. The aggregate factory sliced and sold, and the raw materials were actively replenished. When caprolactam is concentrated in demand, the supply price is tight for a while, and the price has been pushed up. Nine thousand element / A ton is slightly better. Later, because of the reduction in production, it was difficult to make up for the loss of demand, and the crude oil fell back. WTI 05 The contract was negative, affecting the downstream purchasing mentality. After slicing sales returned to normal, prices fell, and the caprolactam market followed. Up to now, the price of caprolactam in the East China market is on the spot. Eight thousand and three hundred element / Tons accepted, North price slightly lower. 8000-8200 element / Tons.

Caprolactam has the lowest price on the wave. 7500-7600 element / Tons accepted, and the price fell back. Five Is caprolactam less innovative in the month?

Supply return is Five An important reason for seeing empty space in the month. Tianchen Yao long, Shanxi orchid, Nanjing Oriental installation will be Four End of month and Five Month overhaul ends. The Shijiazhuang refining and chemical unit has been restarted and will be discharged at the end of this month. The application of Jiangsu Haili remanufacturing has been approved by the government. Five The month will also restart, so if the device is restarted as scheduled, Five The supply of caprolactam in January will be significantly relaxed.

The cost end is Five The monthly decline provides uncertainty, and the price of benzene remains at present. 3000-3100 element / Tons, Sinopec's listing price is stable. Three thousand and fifty element / Ton is the lowest point in the front. Two thousand and three hundred element / Tons still high Seven hundred and fifty element / Tons. According to the price of benzene and caprolactam, the price difference of benzene and benzoic acid is basically. Five thousand element / The caprolactam is maintained near the cost.

chart 32020 Benzene per year - Comparison chart of price difference

Source: lung Chung

Five In the month of pure benzene, from the basic perspective, the supply of pure benzene has become more relaxed and crude oil has maintained a low level due to the increase in supply and the supply of goods to Hong Kong. However, due to the fact that there is still a decline in the purchasing of crude oil or restriction of pure benzene, the price of pure benzene is hard to fall back to the earlier stage. Two thousand and three hundred element / T low or in Three thousand element / There is a concussion near tonnes.

On the whole, supply is increasing. Five Caprolactam market is still empty in July, and there is a certain drop in price. However, due to the complexity of the external environment at present, Five We need to be cautious about the changes in crude oil and benzene in the specific circumstances of the month, and be cautious and flexible.