Since the beginning of 2023, the price fluctuation of engineering plastics products has been relatively small. According to the data monitored by the Business News Agency, as of January 29, the growth rate of various engineering plastics varieties from high to low compared with the beginning of the month was PA6+3.25%, PC+0.29%, PET+0.14%, PA66 0%, POM 0%.
In January, there were many holidays before and after the New Year's Day and the Spring Festival, and most of the operators were shut down and delisted. The supply and demand of the industry both weakened, and the market momentum declined. At the same time, following the global inflation pattern last year, the profitability of engineering plastics manufacturing enterprises was weakened, and the operating risks of factories at all levels remained. Combined with the sharp decline of international oil prices at the beginning of the year, the common remote cost of the plastic industry has weakened. The benefits of the stock boom were mostly offset by the bad news in all aspects. On the whole, the market momentum of the engineering plastics industry was weak in January, and the price was stable and small.
The domestic PA6 market rose in January. The market price of caprolactam in the upstream product chain rose. The price of raw material pure benzene was increased, and the cost support of caprolactam was strengthened. The operation rate at the supply end has increased, the demand for terminal replenishment has increased, the intra-field traffic is good, and the PA6 cost support is acceptable. In this month, the operating rate of domestic PA6 polymerization plant was reduced from more than 65% to more than 70%, with stable output and abundant supply of goods. Downstream, the textile and spinning industries have a weak load, and the overall demand for PA6 chips by terminal enterprises is weak. The spot market competition is strong, and the actual orders are mostly contract transactions. The main force of PA6 market in January was driven by raw materials.
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