As the price of crude oil increased globally, the price of raw benzene increased as well. Caprolactam (CPL) companies were losing money as a result of extreme cost pressure, and manufacturers hiked prices one after the other. On the 8th March, Sinopec's premium CPL was quoted at 14,600 RMB/MT. The average domestic ex-factory price of liquid CPL was 14,100 RMB/MT on January 17th, while it was 14,075 RMB/MT on January 24th. The price of raw materials increased first and later decreased, and cost assistance was improved. Baling Hengyi liquid caprolactam price was 14,400 RMB/MT, and the 450,000-ton-per-year plant was run properly.
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Procurement Resource provides prices of Caprolactam for several regions around the globe, which are as follows:
Caprolactam or Azepan-2-one can be distinguished as a milky white-coloured solution with a mild, disagreeable odour. Caprolactams are cyclic amides of caproic acid, which is a carboxylic acid that is extracted from hexane.
In the process using phenol, hydroxylamine converts phenol to cyclohexanone, which is subsequently hydrogenated to form cyclohexane oxime. Caprolactam is formed when this chemical undergoes Beckmann rearrangement in the presence of sulfuric acid. This process is used to make 90 percent of caprolactam.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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