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SunSirs: The Raw Material Market is Weakening, China PA6 Price is Falling
April 25 2024 09:55:41SunSirs(Selena)

Recently, the domestic PA6 market has continued to decline, with most spot prices being lowered. According to data monitoring from SunSirs, as of April 23, the domestic benchmark price of PA6 mixture was 14,712.50 RMB/ton, with a price level increase or decrease of -0.42% compared to the beginning of the month.

Recently, the market price of caprolactam has weakened. The price of raw material pure benzene remains stable and firm, with cost support affecting the sideways trend. In terms of supply, some maintenance companies in the early stage have resumed work and returned, leading to an increase in production and increased supply pressure. The caprolactam market has sufficient supply, limited downstream demand, and weak market trading. The cost support of caprolactam for PA6 has weakened.

In terms of supply: Recently, there has been a high-level adjustment in the load of PA6 production enterprises, with an average operating rate of around 82%, and the production level has remained flat compared to the previous horizontal trend. As the end of the month approaches, the market has abundant supply of goods, and the overall support from suppliers for PA6 spot goods is average.

In terms of demand: In the downstream sector, the recent production in the main downstream industries has remained stable. The operating rate of spinning is around 85%, and the weaving load is stable at 72%. Although the overall situation has remained stable compared to the previous period, the holiday is approaching and some stocking needs are being released. However, due to the gradual decline in PA6 prices, downstream enterprises have a more cautious attitude towards the decline. On exchange trading has rebounded in caution, and there is still some support for the demand side of PA6.

Recently, the PA6 market has weakened. The price of caprolactam has weakened, weakening the cost support for PA6. The load of domestic polymerization plants is stable and small, and terminal enterprises are in urgent need of stocking up. Some May Day reserve warehouse demand is gradually being released. Overall, the current market is plagued by long and short positions, and it is expected that the PA6 market may enter a consolidation phase in the short term.


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