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SunSirs: Cost Side Support, China PA6 Rose in November
December 04 2020 10:42:17SunSirs(Selena)

According to SunSirs, the domestic market was adjusted in late June. As of December 1, the main offer price of 2.75-2.85 from traders was about 12,566.67 RMB/ ton, an increase of 16.36% compared with the average price at the beginning of the month.

Upstream, domestic caprolactam prices rose in November, with the increase concentrated in the middle of the year, and some brands increased more. At the end of the month, the average price quoted by caprolactam sample enterprises of business community was 10,566.67 RMB/ ton, which was 7.82% higher than the average price level in early November. The price of pure benzene in the upstream rose, and the support for caprolactam cost side was stronger. Overall, caprolactam spot price by cost side and supply side is good, it is expected that caprolactam market will be strong in the near future.

At the beginning of November, PA6 remained stable and the market was strong in the middle of November, and all brands of products generally increased greatly. The whole month operating rate of downstream nylon filament is acceptable, but the factory has a psychological resistance to high price goods, and the demand is slightly weak. In the last ten days, the atmosphere of traders selling goods was strong, and the price of PA6 market was impacted by the single profit. However, the tight supply pattern of caprolactam in December has become clear. Under the pressure of cost, the price of PA6 polymerization plant is on the way to increase. In the short term, China PA6 may end the shock and rise again.

SunSirs analysts believe that: China domestic PA6 market rose in November, the end of the high finishing. The upstream caprolactam supply decreased and the price went up, which strongly supported the cost side of PA6. Downstream factories just purchase by needs, and have conflicts with high price goods, so they should be cautious in purchasing and trading. It is expected that the spot price of PA6 will continue to rise in the short term in China. It is suggested to pay close attention to the supply and demand of raw materials.

 

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