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SunSirs: The Demand was Slow, the Rise of PA6 was Blocked in China in July

August 03 2021 14:44:28     SunSirs (Selena)

According to SunSirs, the domestic market of PA6 rose and fell in July, and the rise of spot price was blocked. As of July 31, the mainstream offer price of 2.75-2.85 for China viscosity was about 15,366.67 RMB/ ton, an increase of 1.77% over the average price at the beginning of the month and 40.12% over the same period last year.

Upstream, the domestic caprolactam spot market rose in July and fluctuated at a high level. It is expected that the caprolactam price will be stable in the short term.

The upstream caprolactam price range remained high, and the positive cost side of PA6 supported the rise of spot price in early July. However, the high cost pressure suppressed the operating rate of polymerization plants. In July, the load of domestic PA6 polymerization plants changed less than that at the beginning of the month, stabilizing at about 60%. At present, buyers are in the mood of offsetting the high price supply, and the preparation operation is biased towards the just needed replenishment to maintain production.

SunSirs analysts believe that caprolactam in the upstream of PA6 remained stable after rising in July, which supports the cost of PA6. In the first ten days, PA6 passively followed the rise of raw materials. Although the cost pressure compressed the operating rate of the industry, the domestic chip inventory still increased and the supply side was weakened. The end-users followed up slowly, the venue resisted the supply of high-priced goods, the spot was under pressure in the middle and late days, and the merchants gradually let the profits ship. At present, the market has a strong wait-and-see mentality. It is expected that the spot price of PA6 may weaken in a narrow range in China in the short term.

 

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