SunSirs: Supply and Demand Game, China PA6 Prices was Weak and Volatile

Recently, the domestic PA6 market has been plagued by bullish and bearish trends, with various spot prices showing mixed fluctuations. According to data monitoring from SunSirs, as of July 14th, the average factory price of PA6 in China was 13,325 RMB/ton, a decrease of -0.19% compared to the average price level at the beginning of the month.

Caprolactam market prices fluctuated last week. Although the price of pure benzene remains positive in terms of cost, there is support for Caprolactam. However, Caprolactam is abundant in its own supply, and the industry is expected to increase its operating rate. The downstream will purchase on demand, and it is expected that Caprolactam will be weak in overall operation.

On the supply side: Last week, the overall load of PA6 production enterprises remained relatively stable, operating in a narrow range of around 72%, and the market supply remained stable. There is a risk of inventory position increase, and the supplier's support for spot goods is average, resulting in pressure on factory pricing.

In terms of demand: Downstream, the load of the weaving and spinning industries has fluctuated, and the overall load position is still acceptable. The actual trading is generally concentrated in low-end spot goods, and the overall atmosphere of stock preparation on the market is buying on dips. The situation of new orders is average, and buyers have limited acceptance of high priced goods. The overall demand for PA6 chips is average.

Last week, the PA6 market fluctuated and weakened in a narrow range. The load of domestic polymerization plants is stable, and the supply remains sufficient. In terms of demand, it is average, and stocking tends towards low-priced sources. The price of Caprolactam was weak, and the support of PA6 cost end fell. It is expected that the PA6 market may continue to fluctuate and consolidate in the short term.

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