The Caprolactam price reports are published weekly in Asia and Europe.
The independent pricing assessments cover spot and contract business, while the news and analysis provides an overview of market conditions, plus the impact on prices from demand/supply issues and upstream/downstream movements. The market intelligence in these reports provides you with a trusted reference which enables you to make informed and confident decisions.
Updated to Q4 2020
Spot supply was lower in northeast Asia, amid shutdowns in Asia and Europe. An unscheduled FM in Europe curbed exports of European material into Asia, while a major northeast Asian producer went into its annual turnaround in late November. In the China domestic markets, overall operating rates were at an average of 80% for much of the quarter, which also contributed to the tighter supply.
Demand saw a surge, as the reduction in contractual volumes and overall lean inventories at nylon polymerisation facilities saw buyers flock to the spot markets. Weakened nylon sales in the first three quarters meant buyers had little reason to keep high stocks of capro, which led to very limited reserves they could draw on amid the unexpected shortage of material.
Supply was just about balanced in parts of the market by the end of Q4, with some tightness in other parts. Availability was lower than usual, as a major integrated capro and nylon 6 producer, LANXESS, declared force majeure from its Antwerp facility in Belgium, following technical issues that halted production on 30 October.
Capro demand for downstream nylon 6 was robust from the major consumer, automotive, as well as fibres and yarns for textiles and carpets, electronic and electrical applications. Food packaging demand continued to be steady. A new EU limit on CO2 emissions for new cars in 2021 and a more positive economic outlook, on the coronavirus vaccines developments, boosted downstream consumption and short-term restocking by automotive producers, despite the negative trend in vehicle sales in Q4.
We offer the following regional Caprolactam analysis and news coverage to keep you informed of factors and developments affecting prices in the Caprolactam marketplace.
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Caprolactam is an intermediate primarily used in the production of nylon 6 fibres and resins. Caprolactam occurs as white, hygroscopic flakes or crystals with a distinctive odour.
Caprolactam occurs as white, hygroscopic flakes or crystals with a distinctive odour. It is soluble in water, cyclohexane, chlorinated hydrocarbons and is usually used, stored and transported in liquefied form at about 80oC.
Caprolactam is an intermediate primarily used in the production of nylon 6 fibres and resins. Nylon 6 fibres are made into textile, carpet and industrial yarns.
Nylon resins are noted for their performance properties including high tensile strength, excellent abrasion, chemical and heat resistance. They are the basis of engineering plastics, used in electronic and electrical components and automobiles, and oriented polyamide films used widely in food packaging.
Conventional caprolactam technology is based on the key intermediate cyclohexanone, which is usually produced by the oxidation of cyclohexane. Cyclohexanone is then reacted with hydroxylamine sulphate to produce cyclohexanone oxime. This is followed by a Beckmann rearrangement using oleum to yield caprolactam.
LONDON (ICIS)--The European caprolactam (capro) markets continue to face upward pressure in November from the double-digit increase in the price of feedstock benzene, good demand and tighter supply...Read
LONDON (ICIS)--The German automotive sector performed better in October but the pace of recovery could stall before the end of the year, according to data from the Ifo Institute. Newly imposed...Read
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