April 29 News – On April 26, the synthesis unit of Sinopec Hunan Petrochemical’s Caprolactam Division successfully produced qualified ammonia products following its overhaul and restart, marking the completion of the first maintenance and technical revamp since the launch of the company’s 600,000-ton/year caprolactam relocation and upgrading project. All 17 major production units have now resumed full operation.

Chempricehub assessment of caprolactam:
Bull-bear score: -1.5
The comprehensive restart of Hunan Petrochemical’s 600,000-ton/year caprolactam plant has led to a significant increase in supply, which may shift the market supply-demand balance toward looser conditions, exerting downward pressure on caprolactam spot prices. The resumption involves 17 major production units with a substantial capacity recovery scale. In the near term, spot prices are expected to face pressure, with a generally to significantly bearish impact.