January 15th News On January 9th, Yongrong Holding Group Co., Ltd. signed an agreement in Putian City to add an annual production capacity of 400,000 tons of caprolactam and 100,000 tons of hexamethylenediamine, along with supporting projects, with a total investment of 6 billion yuan. Chempricehub Analysis: Caprolactam, Bull-Bear Score: -1 The addition of 400,000 tons of annual production capacity is expected to significantly increase supply, which may exert downward pressure on spot prices. The project signing indicates medium- to long-term supply expansion. If demand does not grow correspondingly, the risk of market oversupply will intensify, posing a generally bearish impact on the spot market. Hexamethylenediamine, Bull-Bear Score: -1 The addition of 100,000 tons of annual production capacity is anticipated to increase supply, creating downward pressure on spot prices. With a total investment of 6 billion yuan, the project reinforces the trend of future supply growth. If industry competition intensifies or demand remains weak, it will further weigh on spot prices, resulting in a generally bearish rating.