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SunSirs: Long and Short Factors Tangled, PA6 Market Adjusted Narrowly
March 27 2023 13:55:20SunSirs(John)

Price trend

Recently, the domestic PA6 market had been stable and weak, with each spot price decreasing in a narrow range. According to data monitoring by SunSirs, as of March 24th, the average factory price of PA6 in China was 13,875 RMB/ton, a decrease of 1.83% compared to the average price level at the beginning of the month.

Analysis review

In terms of raw materials: It can be seen from the above figure that the market price of CPL stabilized after falling this week. The price of raw material pure benzene rebounded, and the decline was stopped and the market was strengthened under cost support. In addition, the load of the CPL industry decreased, and the market supply pressure had eased. Downstream, procurement was just in needed, and operation was mainly cautious. It is expected that CPL will slowly recover in the short term, but the current support for PA6 is general.

On the supply side: This week, the overall load of domestic PA6 production enterprises was above 72%, with an overall narrow increase. The market supply was stable, the inventory position was on the high side, the supplier's support for spot goods was general, and the factory price was loose in a narrow range.

On the demand side: On the downstream side, the overall load of the weaving and spinning industries had increased in a narrow range, but the consumption of raw materials was poor, the demand for replenishment was weak, and on-site trading was weak. he overall demand for PA6 chips was general.

Market outlook

This week, the PA6 market stabilized after falling. The load of domestic polymerization plants was stable and increased, and the supply maintained an adequate level. On the demand side, there was a narrow increase compared to last week, but it was still biased towards just demand. CPL was running in a consolidation manner, and PA6 cost side support was average. The market's wait-and-see sentiment remained unchanged, but the cost side and downstream demand support were gradually emerging. It is expected that the PA6 market may turn warmer in the short term.

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

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