The PA6 market has stabilized after a slight increase in the past week (January 31st to February 6th, 2026). On February 6th, the benchmark price of PA6 in SunSirs has risen to 10,666.67 RMB/ton, an increase of 0.95% compared to the beginning of the week (January 31st, 10,566.67 RMB/ton). The market trading atmosphere has turned flat as the Spring Festival approaches, and the overall price of PA6 remains strong due to cost support. The current PA6 price is still at a low level in nearly five years, down about 16% from the same period last year, and the overall profit pressure in the industry has not been fundamentally relieved.
In terms of cost: Last week, there was an increase in maintenance at the caprolactam factory, which tightened market supply and led to a slight increase in prices. The benchmark price of caprolactam slightly increased from 9,573.33 RMB/ton on January 31 to 9,656.67 RMB/ton on February 6, with a weekly increase of 0.87%. The strengthening of the cost side provides a foundation for the price recovery of PA6.
On the supply side: Last week, the main PA6 factory equipment operated relatively stably, but some factories had increased maintenance and delayed restart of equipment, resulting in a slight tightening of market supply, which to some extent supported the manufacturer's attitude of raising prices.
On the demand side: Due to the upcoming Spring Festival holiday, downstream end users of PA6 gradually took a break last week, resulting in a significant decrease in procurement demand. As we enter the seasonal off-season, we maintain a cautious attitude towards PA6 procurement and mostly stock up on demand.
In the short term, the PA6 market price is expected to maintain a high and strong consolidation trend. Follow up on the fluctuations in crude oil and pure benzene prices, as well as the pace of upstream and downstream resumption of work.
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