SunSirs: Cost Side is Strengthened; PA6 is in an Upward Trend

According to the data of SunSirs, the market of domestic PA6 was positive in the second week of November. As of November 13, the mainstream offer price of 2.75-2.85 from the traders was around 11,566.67 RMB/ ton, an increase of 7.10% compared with the average price at the beginning of the month.

PA6 upstream caprolactam market fluctuated in October, turned warm, and still rose in November. As of November 13, the average ex-factory price of caprolactam liquid in China was 10-000.00 RMB/ ton, an increase of 2.04% compared with the average price at the beginning of the month. On the supply side, the supply of caprolactam began to decrease in the second half of October. Although some short repair factories will resume work next week, the supply of caprolactam is still tight in the short term. In the aspect of raw material pure benzene, the market of pure benzene is still upward due to the good orientation of styrene, but the sentiment of chasing up styrene is weakened, and the inventory of pure benzene port also appears high. Last week, the price of pure benzene consolidation is high, and the support for caprolactam is acceptable. It is expected that caprolactam market will continue to be better in the short term.

In November, PA6 market shock adjustment, Last week PA6 slice market strength, all brands of products generally rose larger. The situation of supply reduction of upstream lactam remained unchanged, Sinopec's high-end caprolactam increased to increase market confidence, and the spot price support of PA6 was acceptable. The current trend of the far upstream crude oil fluctuates upward, which is good for the chemical industry chain. In this month, PA6 downstream staple fiber and other enterprises mainly digest and prepare inventory. However, due to caprolactam holding up the price of PA6, some enterprises enter the market to pursue the increase and replenish. The conventional spinning high-speed spinning chips are generally single, and the market of PA6 is up due to the positive upstream.

Market Forecast

SunSirs analysts believe: domestic PA6 market rose in the second week of November. The trend of upstream caprolactam rose last week, and the cost side support of PA6 was acceptable. Downstream factories just need to take delivery of goods, and some of them pursue rising prices to take goods. The on-site trading is fair. Analysts expect the spot price of PA6 in China will rise in the near future due to the positive upstream.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.