The caprolactam market showed a V-shaped trend in 2020. From January to early April, the RMB market fluctuated and fell. From early April to December, the market fluctuated and rose. From January to early April, the market fluctuated downwards, and in early April the price hit this year’s low of 7,500 yuan/ton. After that, the market fluctuated and rose, reaching the highest level of 11,750 yuan/ton in late December. At the end of December, the RMB spot price reached 11,500 yuan/ton. . The US dollar price trend is basically the same. The price fell to this year’s low of US$880/ton in early April and rebounded to US$1,500/ton at the end of December. Judging from the price trend throughout the year, it can be divided into two complete stages: from January to the end of April, the market fluctuated up and down, and from early April to the end of December, the market fluctuated and rebounded. Among them, the wave from early April to the end of December also included a relatively large wave. There was an obvious pullback, and the market rebounded again after the pullback.
2020 CPL internal and external price trend chart
January to early April: The market fluctuated downwards, and prices hit a low this year.
RMB spot: The RMB spot market rebounded as a whole. From early January to early April, the price fluctuated between 11,200 yuan/ton and 7,500 yuan/ton, with a fluctuation of 3,700 yuan/ton, a decrease of 33.04%. .
USD spot: From early January to early April, caprolactam fell from a high of $1,290/ton to a year-round low of $880/ton in early April, with a fluctuation of 410 USD/ton, with a range of 31.78%. The decline in the US dollar market was slightly lower than the decline in the RMB.
Early April to the end of December: Recovery after the epidemic, the market fluctuated upward.
During the upward trend, there was a relatively obvious wave of correction, from mid-June to the end of September, and then went higher again.
RMB spot: Starting from the beginning of April, the epidemic situation improved, and the market began to fluctuate and rebound. In mid-June, the RMB spot price rebounded to 10,600 yuan/ton, a rebound of 3,100 yuan/ton; It later fell back to 9,000 yuan/ton at the end of September, and then continued to rebound to 11,450 yuan/ton at the end of November, up 52.7% from the lowest point this year.
US dollar spot price: The US dollar spot price of caprolactam began to rebound in early April and rebounded to US$1,120/ton in mid-June, an increase of US$240/ton. After that, the market corrected to 8 The market price was around US$1,025/ton at the end of the month, and then the market rebounded all the way to US$1,510/ton at the end of December, an increase of US$630/ton from the lowest point, an increase of 71.6%.
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