1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 rose sideways this week, and the spot prices of various brands rose and fell. As of May 12, the mainstream offer price of the sample enterprises for China viscosity 2.75-2.85 was about 15900 yuan / ton, up or down by + 0.85% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam rose overall this week. Crude oil fluctuated violently under the influence of the increasingly tense situation in Eastern Europe. Raw materials pure benzene and caprolactam were supported. In addition, some caprolactam enterprises planned to overhaul their units in the early stage, resulting in reduced supply and rising prices. Downstream procurement is based on demand and mainly on maintaining production. It is expected that the caprolactam market may rise and then consolidate horizontally in the short term.

The overall cost of caprolactam in the upper reaches of PA6 was positively supported this week. The operating rate of domestic PA6 polymerization plant was generally stable at about 70% in the month, with limited change. In terms of news, the situation in Russia and Ukraine has become increasingly tense recently, and the strong operation of international crude oil prices does not have the expected obvious support and transmission effect on the cost side of PA6. The supply side of PA6 continued the previous abundant pattern. The load of downstream enterprises fell narrowly this week, the demand was weak, and the on-site trading was general. Recent health incidents have hindered the logistics in many places in East China, resulting in the weakening of some PA6 demand.

3、 Future forecast:

Business analysts believe that: the spot price of PA6 is running sideways this week, the trend of caprolactam is generally rising, and the cost support of PA6 is OK. Downstream enterprises tend to take goods on bargain hunting and just need to take goods to maintain production. It is expected that the market trend of PA6 may be dominated by stalemate in the short term.