January 17Th Morning Market Report: The Limited Supply And Demand Of Caprolactam Will Continue To Move Smoothly.
1. yesterday's market situation:
Yesterday (January 16, 2019), the caprolactam liquid market performance was stable, at present, the manufacturers started higher overall, liquid spot supply sufficient to curb the further rise of the market, caprolactam liquid spot price reference 12800-13000 yuan / ton, high-end paction less.
Solid supply is less available and price center is rising.
2. upstream market:
(1) international crude oil closed on January 16th: China says it will introduce economic incentives such as tax cuts, and global economic and oil demand expectations have been boosted, and international oil prices have rebounded sharply.
WTI52.11 rose 1.60 US dollars / barrel; Brent 60.64 increased 1.65 US dollars / barrel.
China's SC main force fell 1903 to 3.5 yuan to 416.2 yuan / barrel.
(2) Asian pure benzene closed in January 16th: 566.50-567.50 U.S. dollars / ton FOB Korea, compared with the previous price rise of US $11 / ton.
3. short-term forecasts:
The caprolactam liquid market continues to rise. It is difficult to keep up. The downstream polymerization plant has started to raise its load at present, but it lacks confidence in the future market. It is mainly based on the need for stock, and it is difficult to form a strong support for the market.
It is expected that the supply and demand of caprolactam will fluctuate in a short time and the liquid market will continue to move smoothly.
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