Recently, the domestic PA6 market has continued to decline, with most spot prices being lowered. According to data monitoring from SunSirs, as of April 28th, the domestic benchmark price of PA6 mixture was 14,637.50 RMB/ton, with a price level increase or decrease of -1.10% compared to April 21st.

Last week, the market price of caprolactam continued to decline. The price consolidation of raw material pure benzene is weak, and the cost support is average. In terms of supply, some maintenance companies in the early stage have gradually resumed work and returned, with weekly production continuing to rise and supply pressure increasing. The supply of caprolactam in the market is sufficient, but downstream demand is limited, which weakens the cost support for PA6.

In terms of supply: Last week, the load of PA6 production enterprises fell slightly from a high level, with an average operating rate of around 81%, and the production level was basically flat compared to the previous horizontal trend. At the end of the month, the market had abundant supply of goods, and the overall support from suppliers for PA6 spot goods was average.

In terms of demand: Downstream, the recent decline in production in the main downstream industries. The operating rate of spinning is less than 80%, and the weaving load is stable at 70%. As the holiday approaches, some stocking needs are being released. However, due to the recent decline in PA6 prices, downstream enterprises are cautious in stocking up. On exchange trading has rebounded in a cautious atmosphere, supporting a narrow increase in demand for PA6.

Last week, the PA6 market continued to decline. The price of caprolactam continues to decline, and the support for the cost side of PA6 continues to weaken. The load of domestic polymerization plants is stable and there is little fluctuation, and the demand for May Day storage by terminal enterprises is gradually being released. Overall, the current market is characterized by a mix of long and short positions, and it is expected that the PA6 market may return to a calm consolidation trend before the holiday.

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