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At the beginning of May the accidental shutdown of Luxi's caprolactam plant caused a small rebound, then CPL price turned to a continuous decline. And due to Luxi's decision to continue production with part of nylon 6 chip production, CPL supply-demand pattern worsened and prices followed downstream
Why is benzene so special out of all the chemical market? It seems unreasonable. Some market insiders think it is because that major suppliers have controlled domestic market and stopped imported resources outside China. But actually imported benzene prices are basically per domestic market level. I
1. CPL plant turnaroundsFrequent plant turnarounds or accidental shutdown in August 2019 had caused unstable supply of CPL, and prices were mainly waving around this topic. Below table shows CPL plant turnarounds in August 2019.CompanyProductCapacity (kt/year)Operation statusRisunCPL50Expanded capac
