Recently, the domestic PA6 market has continued to strengthen, with many spot prices rising. According to data monitoring from SunSirs, as of July 28th, the average factory price of PA6 in China was 13,625 RMB/ton, a decrease of +2.06% compared to the average price level at the beginning of the month.

The price of Caprolactam market rose strongly last week. In terms of cost, the price of pure benzene remained positive, and the support for Caprolactam continued to grow. The supply of Caprolactam itself is tight, the downstream polymerization enterprises start smoothly, and the procurement just needs support. It is expected that Caprolactam will continue to operate stably.

Last week, the load of PA6 production enterprises remained generally stable, with an overall operating rate of around 74% in China. Market supply began to gradually decrease, inventory positions decreased, supplier support for spot goods increased, and factory pricing increased.

In terms of demand: Downstream, the load of the weaving and spinning industries is basically the same as last week, and the overall load position is still acceptable. Stimulated by a decrease in supply of goods and a strengthening of raw materials, actual trading has improved. There is an atmosphere of speculation in the market, with buying up rather than falling. The overall atmosphere of stock preparation on the market has rebounded, and overall support for the demand side of PA6 chips is still acceptable.

Last week, the PA6 market strengthened. The load of domestic polymerization plants is stable, and the supply has slightly increased, but the supply of goods is gradually being digested. In terms of demand, it is acceptable, and downstream stocking enthusiasm has improved. The price of Caprolactam strengthened, and the support of PA6 cost side increased. It is expected that the PA6 market may continue to be strong in the short term.

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