Last week, caprolactam market performed insipid drove by downstream plants’ reducing production and instable global economics, then caprolactam market turned stable thanks to steep increase in crude oil and improved economics. Insiders hold different opinions on market. Some think there to be a deep adjustment of market because of unsatisfied downstream production and marketing, some think the adjustment range to be limited due to prop of short supply.
Sinopec announced its caprolactam list price of Rmb 29000/ton, and then Nanjing Dongfang followed to uplift its list price to Rmb 28600/ton. Pressured by cost and unsatisfied sales, downstream plants expanded scale of production reduction. Wuxi Changan Polymer Materials Factory and Ruimeifu reduced output previous days, Jiangsu Haiyang Chemical Fiber lowered operation rates last week, and Shijiazhuang Chemical Fiber shut down facilities this week. WTO announced adjudication of tire conflict between