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 Q1 2021
Spot capro supply was short in Q1, amid several shutdowns in northeast Asia and Europe. With overall operating rates in Europe lowered, most producers in Europe and Russia were unable to allocate additional cargoes to Asia as demand in the European markets was firm. In the Chinese domestic markets, supply remained short as operating rates were lower than usual, averaging 75-80%.
Demand in northeast Asia was firm in Q1, particularly in Taiwan, as contractual volumes were reduced on the back of turnarounds. Overall inventory levels were low, which contributed to an increase in the number of active spot buyers in the market.
Capro supply was tight due to ongoing raw material tightness because low operating rates at many refineries, caused by decreased fuel consumption during the coronavirus pandemic, continued. Raw material shortages following the US winter storm and shipping delays had a further negative effect on supply and this, at a time of strong demand, resulted in less balance in the market in Q1.
Demand for capro-consuming nylon 6 production was high in Q1, perhaps more than anticipated. This was supported by strong order from automotives, the major downstream industry. There were also good levels of consumption and ongoing restocking requirements from the construction, packaging, electronics and electrical appliances sectors, and largely stable interest for other applications.
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.
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Safeguard your future with the opportunity to discuss your expectations and learn from industry experts at The ICIS 2020 World Phenol-Acetone Conference, a biennial event in the calendar of professionals across the globe. You can get face-to-face time with existing suppliers or explore new business opportunities to initiate future connections.
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