Price trend

The recent domestic PA6 market trend is weak, and the spot prices fall more or less. According to the data monitoring of the Business News Agency, as of February 20, the average ex-factory price of domestic PA6 was 14133.33 yuan/ton, up – 0.54% from the average price at the beginning of the month.

Cause analysis

Raw materials:

It can be seen from the above figure that the price of caprolactam in the upstream of PA6 fell last week. The price of raw material pure benzene is higher than that before, and the cost support is acceptable. The operating rate of some enterprises increased, and the market spot supply increased. Downstream demand is weak, and on-demand procurement is the main part. The atmosphere of transaction on the market is weak, and the spot price of caprolactam is steadily reduced.

Supply:

In the middle of February, the load of domestic PA6 production enterprises fell to about 65% in a narrow range, and the overall operation was stable. The total output last week was about 84000 tons. The market supply is stable, the supplier’s support for spot goods is general, and the ex-factory price is loose.

Demand: In the downstream, the load of the weaving and spinning industry has increased, and the overall demand for PA6 chips by the end enterprises is moderate, but the spot competition on the market is strong, and the demand side has resistance to the high-priced supply. The market is mostly for early contract transactions, and the actual volume of single transaction has decreased.

Aftermarket forecast

The PA6 market fell in mid-February. The load of domestic polymerization plants has increased steadily, and the supply has maintained an adequate level. On the demand side, it tends to be rigid. Caprolactam is stable and weak, and PA6 cost support is general. The market sentiment is dominated by wait-and-see, and the volume of real orders has shrunk. It is expected that the PA6 market will continue to be weak in the short term.