SunSirs: Cost and Demand Game, China PA6 Market fluctuated

Recently, the domestic PA6 market has been fluctuating, with various spot prices fluctuating. According to data monitoring from SunSirs, as of August 11th, the benchmark price of domestic PA6 mixture was 14,125 RMB/ton, with a decrease of +0.89% compared to the average price at the beginning of the month. Last week, the market price of caprolactam maintained an upward trend. In terms of cost, crude oil rebounded and rose again, while pure benzene prices remained positive, and support for caprolactam continued to strengthen. However, downstream aggregation enterprises operate smoothly, and procurement needs to maintain production while consumption is average. It is expected that caprolactam may enter a narrow volatility market.

Last week, the load of production enterprises remained generally stable, with an average operating rate of around 77% in China. The market supply is relatively flat compared to the previous period, the inventory position is still acceptable, the supplier's support for spot goods is average, and the factory price is cautiously priced.

In terms of demand: In the downstream sector, the load of the weaving and spinning industries has been adjusted slightly, and the overall load position is relatively stable. The actual delivery is average, and the flow of goods is relatively slow. The terminal stocking atmosphere is wait-and-see, and overall support for the demand side of PA6 slicing is average.

Last week, the PA6 market was volatile. The price of caprolactam has strengthened, and the cost support for PA6 has increased. The domestic polymerization plant has stable load, stable and abundant production. In terms of demand, it is average, but there has been no improvement in downstream stocking enthusiasm. The market is full and short, and it is expected that the PA6 market will continue to consolidate and operate in the short term.

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