SunSirs: The Raw Materials Slightly Weakened, and the PA6 Market declined

Price trend

Last week, the domestic PA6 market weakened in a narrow range, and spot prices were generally reduced. According to data monitoring from SunSirs, as of May 22, the average factory price of PA6 in China was 13,800 RMB/ton, a decrease of 1.25% compared to the average price level at the beginning of the month.

Analysis review

In terms of raw materials:

It can be seen from the figure above that CPL fell slightly last week. The price of raw material pure benzene had decreased, and cost support weakened. As of the 22nd, the supply and demand of CPL market was balanced, and downstream demand was weak. Most of them purchased at low prices, and they were cautious. It is expected that CPL market price will be consolidated to be weaker in the short term.

On the supply side:

Recently, the overall load of domestic PA6 production enterprises remained relatively stable, fluctuating in a narrow range of around 70%. The market supply was stable, the inventory position continued to rise, and the supplier's support for spot goods was average. The factory price pricing was narrowly loosened.

In terms of demand:

Downstream, the weaving and spinning industries had a common load. The actual trading was generally concentrated in low-end spot goods. The overall atmosphere of stock preparation on the site was cautious, buyers resisted high priced sources, and the overall demand for PA6 chips was general.

Market outlook

Last week, there was a decline in the PA6 market. The load of domestic polymerization plants was stable, and the supply remained sufficient. In terms of demand, it was average, and stocking tended towards low-priced sources. The price of CPL fell back, and the cost end support PA6 narrowly weakened. It is expected that the PA6 market may mainly be weakly consolidated in the short term.

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