Price trend

Recently, the domestic PA6 market has been stable and weak, with each spot price decreasing in a narrow range. According to data monitoring by Business News Agency, as of April 2, the average factory price of PA6 in China was 13825 yuan/ton, a decrease of -2.18% compared to the average price level at the beginning of the month.

Cause analysis

In terms of raw materials:

As can be seen from the above figure, the market price of caprolactam has declined this week. The price of raw material pure benzene rebounded, and cost support turned stronger. In addition, the load of the caprolactam industry has decreased, and the market supply pressure has eased. Downstream, procurement is just needed, and cautious operation is the key. It is expected that caprolactam will slowly recover in the short term, and its support for PA6 may increase.

On the supply side:

This week, the overall load of domestic PA6 production enterprises was above 73%, with an overall narrow increase. The market supply is stable, the inventory position is on the high side, the supplier’s support for spot goods is general, and the factory price is loose in a narrow range.

Demand: On the downstream side, the overall load of the weaving and spinning industries was flat, but the consumption of raw materials was poor. At the beginning of the week, there were still some actual purchases of low-priced supplies, and the demand for replenishment in the second half of the week was weak. The wait-and-see atmosphere was heavy, and the trading volume was weak. The overall demand for PA6 chips was moderate.

Aftermarket Forecast

The PA6 market fell in a narrow range this week. The load of domestic polymerization plants has steadily increased, and the supply has maintained an adequate level. The demand side is similar to last week, with stocking bias towards maintaining production. Caprolactam fluctuated and PA6 cost side support turned stronger. The market is dominated by wait-and-see sentiment, with cost side support gradually emerging. It is expected that the PA6 market may turn warmer in the short term.