Caprolactam lifts force majeure
According to foreign media reports, the technical problems with the production of caprolactam by German manufacturer Envalior have apparently been resolved, and the company said that it has lifted the force majeure of caprolactam production at its production base in Antwerp, Belgium in December 2023. However, production has been"Adapted to the market situation"。
***plasteurope
Previously,On September 11, 2023, Enhuali declared force majeure for caprolactam production. This was confirmed by a spokesperson in response. For the downstream production of PA6 in Antwerp and Wuerdingen, this means additional production cuts, but they have enough PA6 polymer stocks to secure ** to the processing plant.
As it turned out, the cost of HF's caprolactam products remained stable in the Eurozone at the beginning of September. Subsequently, the PA6 (polyamide 6) market improved slightly, which can be attributed to the continued high cost pressure of raw materials in the Eurozone market.
At that time, the domestic caprolactam moved by the wind, and a wave of rapid rise!On September 1, 2023, the domestic market of caprolactam was about 12,725 yuan tons, and by mid-September, it had risen to 14,250 yuan tonsrose 1525 yuan ton, an increase of about 12%!
The news of tight raw material goods is coming, and PA6 is keeping up with the trend. The average price of PA6 in East China market soared from 13,570 yuan ton on September 1, 2023 to 14,870 yuan ton on September 15, 2023Large**1300 yuan ton, the increase soared by 9 in half a month6%, resonating with caprolactam at the same frequency, arousing market attention.
Resumption of work and production?Hit the market again?
Many of the ups and downs of the market are repetitions of past storylines. This time, the protagonist is still Enhuali's caprolactam factory, but it solves the problem of force majeure, and there is a high probability that the output will come up. But in the past nearly 4 months, the market has adapted to the supply of the previous contractionDoes this recovery mean an increase in the market, which in turn will hit the market by nearly 10%?
Excitement is always lively, just a gust of wind. When the passion fades, the emotions will eventually return to the fundamentals of market supply and demand. Judging from the previous experience, the rapid rise of ** was only temporarily maintained at a high level, and it took less than a week before and after. The reason is very simple, Enhuali has given market tips:They have sufficient inventory of PA6 polymer to secure the supply to the processing plant. Therefore, for the news of the resumption of production, we must keep a calm and rational mind to deal with it, and we must not follow the trend and hype.
It is worth noting thatThere is news that PA6 and caprolactam** in the European market are expected to show an upward trend. The recent Red Sea suspension incident has also increased the cost of raw materials such as ** and Ben, which has hedged the impact of the resumption of production to a certain extent.
* rebounded 2% In addition, the market weighed the situation in the Middle East and concerns about the demand outlook, and the U.S. ** inventory is trending downInternational oil prices**. nymex***02 contract 7224 up 1$47 barrel or 208%；ICE Oil**03 Contract 7759 up 1$47 barrel or 193%。China's main contract 2402 fell 19 to 5386 yuan barrel, up 151 to 553$7 barrel.
Logistics and delivery are tight, and it is necessary to stock up as soon as possible
The end of the year has arrived, and the shutdown schedule has begun to circulate on the Internet again, whether it is true or not, we don't care, but the peak logistics period at the end of the year is certain.
Xiaoye also reminds everyone here that due to the Spring Festival holiday, major factories just need to stock up, and the relevant downstream has begun to stock up, and the recent changes in PA6, PA66, PC and ABS** are not big, at most it is a yin fall,Goods can be purchased in time-sharing to prevent backlog of goods and slow logistics deliveryIt is expected that after the 20th, there will be a peak period for logistics, and everyone should stock up and buy goods as soon as possible.
After all, in a few days, no matter how urgent your order is, it will be too late for our relationship to be hard - because the logistics are going on vacation, and I have to go back to the countryside. If necessary, please place an order as soon as possible.
Well, let's take a look at the trend of today's plastic raw material market