Price trend
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Recently, the domestic PA6 market has been fluctuating, with various spot prices fluctuating. According to data monitoring from Business News Agency, as of August 11th, the mixed benchmark price of PA6 in China was 14125 yuan/ton, an increase or decrease of+0.89% compared to the average price level at the beginning of the month.
Cause analysis
In terms of raw materials:
From the above chart, it can be seen that the market price of caprolactam has maintained an upward trend this week. In terms of cost, crude oil rebounded and rose again, while pure benzene prices remained positive, and support for caprolactam continued to strengthen. However, downstream aggregation enterprises operate smoothly, and procurement needs to maintain production while consumption is average. It is expected that caprolactam may enter a narrow volatility market.
On the supply side:
This week, the load of production enterprises remained generally stable, with an average operating rate of around 77% in China. The market supply is relatively flat compared to the previous period, the inventory position is still acceptable, the supplier’s support for spot goods is average, and the factory price is cautiously priced.
In terms of demand: In the downstream sector, the load of the weaving and spinning industries has been adjusted slightly, and the overall load position is relatively stable. The actual delivery is average, and the flow of goods is relatively slow. The terminal stocking atmosphere is wait-and-see, and overall support for the demand side of PA6 slicing is average.
Future Market Forecast
The PA6 market is volatile this week. The price of caprolactam has strengthened, and the cost support for PA6 has increased. The domestic polymerization plant has stable load, stable and abundant production. In terms of demand, it is average, but there has been no improvement in downstream stocking enthusiasm. The market is full and short, and it is expected that the PA6 market will continue to consolidate and operate in the short term.
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