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**Cost and Supply-Demand Dynamics: Caprolactam in a Consolidation Phase, Market Participants Adopting a Wait-and-See Approach**
Published on 2026-10-12
Daily Summary
① Sinopec refineries in East, South, and Central China raised their ex-plant prices for pure benzene by CNY 400/ton to CNY 10,600/ton, effective October 9.
Sinopec’s CNY 400/ton benzene hike tightens caprolactam feedstock costs, squeezing margins during this consolidation phase. With downstream demand uncertain, I see market participants adopting a wait-and-see approach ra..
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