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SunSirs: Raw Materials Weakens, China PA6 Market is Weak

March 26 2024 11:05:29     SunSirs (Selena)

Recently, the domestic PA6 market has continued to weaken, with most spot prices fluctuating and falling. According to data monitoring from SunSirs, as of March 22, the domestic benchmark price of PA6 mixture was 14,800 RMB/ton, with a price level increase or decrease of -2.47% compared to the beginning of the month.

Recently, the market price of caprolactam has continued to decline. The price of raw material pure benzene fluctuates and consolidates, with average cost support. In terms of supply, enterprises are operating at a high level and inventory levels are rising. At present, the caprolactam market has sufficient supply, limited downstream demand, and a relatively empty market. The cost support of caprolactam for PA6 continues to weaken.

In terms of supply: Recently, the load of PA6 production enterprises has remained stable, with an average operating rate of around 83%. The market supply has remained relatively stable compared to the previous period, and the on-site supply of goods is relatively abundant. The inventory level has stabilized, and the supply pressure has not increased significantly, providing moderate support for PA6 spot goods.

In terms of demand: In terms of downstream, the current situation of the main downstream industries is still good. The operating rate of spinning has increased to around 84%, and the weaving load is around 72%. Due to the early decline in the price of PA6, there has been a lack of willingness to stock up recently, and a wait-and-see attitude towards the decline. Be cautious in trading on the exchange. Poor support for PA6 demand side.

Recently, the PA6 market has continued to decline. The price of caprolactam has fallen, weakening the cost support for PA6. Domestic polymerization plants have a large and stable load, while terminal enterprises need to stock up on demand. There is currently a lack of bullish news on the market, and it is expected that the PA6 market may continue to operate weakly in the short term.


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