it is not difficult to understand the fact of the short-term tight supply for CPL

From the recent changes in the operating rate of upstream and downstream industries, it is actually relatively favorable for CPL. There is a certain loss in CPL supply, but the operating rate of downstream nylon 6 has increased, and new devices have been put into production. On the other hand, a large nylon 6 plant in Jiangsu has reached full capacity operation in May and remained stable operation ever since, at the same time, Luxi Chemical still actively purchased CPL from the spot market. In addition, the new CPL facility of Eversun meets difficulties in increasing production due to hydrogen issues in the short term. With these production issues, it is not difficult to understand the fact of the short-term tight supply for CPL.

Does this mean that CPL has bottomed out? It's probably still too early to make a conclusion at the moment.