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SunSirs: The Demand is not Strong, China PA6 market will be in Consolidation after Rising
October 22 2021 15:25:26SunSirs(Selena)

According to SunSirs, the recent trend of PA6 domestic market fluctuated, and the spot prices of various brands rose and fell. As of October 21, the mainstream offer price of 2.75-2.85 for Zhongtong was about 17,833.33 RMB/ ton, up or down by +2.88% compared with the average price at the beginning of the month.

Industrial chain: in terms of upstream caprolactam, the current raw material pure benzene fluctuates and rises, and the cost side support is acceptable. The supply side is tight, and caprolactam runs at a high level after rising. Downstream on-demand procurement, enterprises start low.

Recent upstream caprolactam price stagflation finishing operation, PA6 cost side support is acceptable. The cost pressure caused by the high level of raw materials is large, and the negative profit situation of the polymerization plant has eased through its own load and order adjustment. In terms of demand, it is still the traditional peak demand season in the near future, but environmental protection policies such as double restrictions affect the load of terminal enterprises, there is a strong wait-and-see atmosphere in the market.

SunSirs analysts believe that the recent cost side support of caprolactam for PA6 is acceptable, and the spot price of PA6 is high. The terminal demand is affected by the environmental protection policy and does not reach the expected effect in the peak season, and the centralized replenishment market is weakened. The market fundamentals are still stable, and it is expected that the spot price of PA6 in China may maintain a stable operation in the short term.

 

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