April 17th news: On April 16th, Hengyi Petrochemical announced that the first phase of its Guangxi "1.2 million tons/year caprolactam-polyamide industry integration and supporting project" has entered the trial production stage in the fourth quarter of 2025. Since its commissioning, the first phase of the project has been operating smoothly, with the qualified rate of main product quality maintained at 100%. Chempricehub analysis of caprolactam, long-short score: -1. The first phase of Hengyi Petrochemical's Guangxi 1.2 million tons caprolactam project has been put into operation smoothly with a 100% quality qualification rate. The release of new capacity increases market supply, which may lead to oversupply in the spot market and put downward pressure on prices. The expansion of the supply side weakens the market supply-demand balance, exerting a bearish impact on caprolactam spot prices.