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SunSirs: Low Demand, Cost Side Shocks, China PA6 Price Turned Down in May
June 04 2021 15:54:18SunSirs(Selena)

According to the data of SunSirs, the domestic PA6 market rose and fell in May, and the spot price rose first and then fell. As of June 1, the mainstream offer price of sample enterprises for CNMC 2.75-2.85 was about 14,566.67 RMB/ ton, a decrease of 1.80% compared with the average price at the beginning of May, and a rise of 37.83% compared with the same period last year.

In terms of upstream caprolactam, the domestic spot market has a strong trend in the first ten days of May, and it is expected that caprolactam will continue to be sluggish in the short term.

In the first half of May, caprolactam in the upper reaches was stronger; PA6 spot turned, continued the negative trend for more than a month, and followed up the upper reaches. In the last ten days, caprolactam market trend turned down, and the cost support of PA6 turned weak from strong. Downstream factory purchasing operation is cautious, and the transaction is light.

SunSirs analysts believe that, in May, the caprolactam market in the upstream of PA6 rose and turned to fall, weakening the positive market in the cost side of PA6 in the first half of the month. Downstream factories mainly need to pick up the goods, the plastic industry is generally in the off-season, the consumption of end users is low, and the picking up operation is cautious. It is expected that the spot price of PA6 will be adjusted in a narrow range in China in the near future.

 

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