Price trend

Recently, the domestic PA6 market has been fluctuating, with various spot prices falling narrowly. According to data monitoring from Business News Agency, as of August 21, the mixed benchmark price of PA6 in China was 14025 yuan/ton, an increase or decrease of+0.18% compared to the average price level at the beginning of the month.

Cause analysis

In terms of raw materials:

From the above figure, it can be seen that the market price of caprolactam was weak last week. In terms of cost, crude oil prices have loosened, and although pure benzene prices have followed the decline, they can still maintain a high level, and support for caprolactam is still in place. Downstream aggregation enterprises operate smoothly, with just enough procurement to maintain production and average consumption. Combined with the recent decline in the industry load of caprolactam, it is expected that the caprolactam market may be able to maintain its price position in the short term.

On the supply side:

Last 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, and the inventory position has slightly increased. The supplier’s support for spot goods is average, and the factory price is cautious.

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 poor.

Future Market Forecast

Last week, the PA6 market declined. The price of caprolactam has loosened, and the cost support for PA6 has slightly decreased. 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. It is expected that the PA6 market will continue to be weak in the short term.