SunSirs: China PA6 Rose steadily in June
July 05 2021 15:36:13 SunSirs (Selena)
According to the data of SunSirs, the domestic PA6 market in June was mainly adjusted, while the spot price was adjusted in a narrow range. As of June 30, the mainstream offer price of the sample enterprises for CNMC 2.75-2.85 was about 15,000 RMB/ ton, up 2.97% compared with the average price at the beginning of the month and 23.29% compared with the same period last year.
Upstream caprolactam, June trend narrow adjustment, caprolactam is expected to continue to rise in the short term. The raw material caprolactam fluctuated in a narrow range and turned warm at the end of the month. The cost support of PA6 was acceptable. The spot market of PA6 was also stable in the first ten days, and the profit improvement of PA6 polymerization enterprises was limited in the second half of the month. At present, the traditional off-season influence of the rubber and plastic industry is still in progress, and the downstream factories tend to take the goods just in need, and the follow-up is slow. Floor trading light, the actual trading is mostly small single. However, there are still some production line maintenance problems in the industry, and the supply side is good for conventional spinning and slicing products. In addition, caprolactam strengthened at the end of the month, and the spot price of PA6 rose at the end of the month.
SunSirs analysts believe: in June PA6 upstream caprolactam market is generally stable, and market rose at the end of the month. The cost support of PA6 is acceptable. Affected by the off-season, the consumption of end users is at a low level, downstream enterprises just need to buy mainly, the floor trading is poor, and the wait-and-see mentality is strong. It is expected that in the short term, the spot price of PA6 will rise in China.
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