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Haili's restart (lower than expected)
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Haili's restart (lower than expected)

Views:0     Author:Site Editor     Publish Time: 2020-06-29      Origin:Site

Haili's restart (lower than expected)
Haili Chemical’s CPL plant in Dafeng Jiangsu has a large impact on the market in East China, and it has been closely monitored by market insiders. According to the companies’ latest news, it will start yielding production no earlier than Jun 20, as the plant is planned to restart in mid-June. The actual restart date could be delayed again. If Haili does not restart according to the plan, market could be supported when some external bullish news (rebound in oil prices, etc.) appear.

It can be said that in addition to oil prices, the supply level can take the stage to talk about the above two points. Also based on the above two factors and considering the trend of oil prices, the author's view on the June CPL is slightly more. In addition, judging from the recent performance of the polymerization plant, it seems that confidence in the future market has recovered. For details, please pay attention to the "PA6 Demand Analysis Report" recently launched by this website.

From upstream side, apart from crude oil market influence, the possible positive driving forces for CPL market are stated above. And based on a relatively positive point of view on crude oil market, it could be expected that caprolactam market may be a tad stronger in June.

And from downstream side, confidence of nylon 6 chip market toward the future seems have recovered modestly, based on their operation changes. If you are more concerned with details of downstream demand, you may refer to CCFGroup’s “Nylon 6 industry monthly demand study report” providing a comprehensive and in-depth nylon market demand analysis with a large scope of study covers not only fibers but also non-fiber sectors. The report provides investors important references on operations of long, short or bottom hunting.

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