In the past week (March 18-24, 2026), the domestic PA6 market has shown an overall high-level stalemate and narrow range oscillation trend, with a slight increase in the price center and no significant unilateral rise or fall. The overall situation is in a game pattern of strong cost support and insufficient demand follow-up. The market's low-priced supply is gradually decreasing, and the transaction of high priced supply is hindered. Manufacturers' offers are relatively firm, and downstream procurement enthusiasm is weak. Transactions are mainly based on small orders for essential needs, while large orders have limited volume. The trading atmosphere is relatively light, and the overall market trend is completely dominated by cost transmission and supply-demand game. On March 24th, the benchmark price of PA6 in SunSirs was 14,166.67 RMB/ton, an increase of about 0.95% compared to 14,033.33 RMB/ton on March 18th.
In terms of cost: Recently, international oil prices have fluctuated, pure benzene prices have remained stable at high levels, and Sinopec's weekly closing price of caprolactam has remained high. Although the month on month increase has narrowed, it is still in the high range, directly pushing up the raw material procurement costs of PA6 polymerization enterprises and consolidating the bottom support of PA6 prices. According to the price monitoring of SunSirs, the benchmark price of caprolactam has risen from 12,332.50 RMB/ton to 12,577.50 RMB/ton in the past week, with a weekly increase of about 1.99%.
On the supply side: In the past week, the supply of PA6 industry has slightly increased compared to the previous period. The polymerization units that were previously repaired have gradually resumed production, and some new production capacity has been slightly released. The supply of spot production capacity in the industry has steadily increased. There is currently no large-scale centralized maintenance plan for mainstream production enterprises, and inventory pressure is gradually accumulating slightly. Manufacturers' willingness to ship has moderately increased.
On the demand side: In terms of downstream terminals, the textile and chemical fiber industry has fully resumed work, and the operating rate has steadily rebounded. However, the acceptance of the current high PA6 price is low, and there is a strong wait-and-see attitude. Generally, the practice of hoarding goods in advance is abandoned, and a conservative procurement strategy of on-demand procurement and small order replenishment is adopted. Only basic production needs are maintained, and there is no centralized replenishment or bulk procurement action.
In the short term, the PA6 market is likely to maintain a high level of narrow range oscillation and weak consolidation trend, with the core logic of cost support and demand suppression. It is difficult for prices to experience significant unilateral fluctuations in the short term, and overall stability is the main trend with slight fluctuations. Pay close attention to the price changes of caprolactam raw materials and the downstream demand follow-up situation, and the cost side trend will become the core variable that dominates the short-term market.
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