Recently, the load reduction of caprolactam factories has been relatively concentrated, and the supply of caprolactam has been reduced again. The operating status of the caprolactam unit is as follows:
Baling Hengyi The caprolactam load will reach 60-70%, lasting 15-20 days; the Shandong Haili unit load will drop to 70-80%, and may not recover in the short term; the Shenma Phase II unit load will drop to around 60%, about 3-4 days; coupled with the fact that the stone refining and chemical equipment has not yet resumed shipments, the daily loss of caprolactam is 800-1,000 tons. According to Longzhong Information statistics, the current daily output of caprolactam is about 10,800 tons.
sky. Due to the recent relatively strong external caprolactam prices, limited supply of caprolactam imported materials, and low raw material inventories in caprolactam factories and polymerization plants in the early stage, the reduction in caprolactam supply will provide some support to the market in the short term.
Downstream: Although various places advocate celebrating the New Year in situ this year, judging from the current situation, most terminal factories will have holidays as planned. However, in terms of textile yarn factories, some Orders have been received until March, so it is expected that the demand for nylon fiber and high-speed spinning chips will be guaranteed in February and March, which will also ensure the demand for caprolactam contracts.
The pressure on the conventional spinning market is slightly greater. On the one hand, the downstream of conventional spinning is mostly small and medium-sized enterprises. They basically have holidays during the Spring Festival, and some small factories have already had holidays recently. According to the arrangement, the demand for conventional spinning chips will slow down significantly during the Spring Festival. Affected by the uncertainty of the epidemic, the downstream stocking of conventional spun chips this year is also relatively cautious. Downstream manufacturers only focus on absorbing them at low prices. It is difficult to ship conventional spun chips at high prices. The continuous losses of polymerization factories are combined with the current reduction in raw material supply. Polymerization is expected to The factory may continue to reduce production of conventional spun chips in the later period.
As the holidays approach, market transactions and logistics will gradually decrease. Slicing market transactions will be concentrated before the end of the month. Aggregation factories may continue to focus on inventory reduction and pre-sale. However, due to cost support, the overall slicing market is expected to fluctuate little. Only some northern companies have lower prices, and factories that purchase raw materials from outside may focus on reducing their burdens and maintaining capital sales.
Taken together, due to the further reduction in caprolactam supply, there is some support for market confidence, and the short-term caprolactam market operates with a stable preference. In the later period, we will continue to pay attention to the matching between the start-up adjustment of the polymerization plant and the supply of raw materials.
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