SunSirs: Geopolitical Conflict Causes Raw Mterial Prices to Soar, Leading to a Significant Increase in China PA6 Prices

In the past week (March 2nd to March 8th, 2026), the PA6 market has shown a sustained upward trend with strong cost push and tight supply-demand balance. On March 8th, the benchmark price of PA6 in SunSirs has risen to 11,833.33 RMB/ton, an increase of 8.90% from 10,866.67 RMB/ton on March 2nd. Recently, PA6 has shown a typical cost driven upward trend, mainly due to geopolitical risks and skyrocketing raw material prices; The tight supply resonated with the urgent need to replenish inventory, driving prices to steadily rise during the week.

In terms of cost: The recent tense situation in the Middle East has pushed up international oil prices, driving up the price of pure benzene for six consecutive years and directly raising the production cost of caprolactam. According to the price monitoring of SunSirs, the benchmark price of caprolactam increased from 10,133.33 RMB/ton to 10,937.50 RMB/ton within the week, with a weekly increase of 7.94%. The significant rise in caprolactam has become the core driving force behind the price increase of PA6.

In terms of supply: Recently, the operating rate of the PA6 industry has been about 70%, with some equipment undergoing maintenance and enterprises controlling production and prices, resulting in a temporary tight supply of spot goods. Factory inventory is low, traders are reluctant to sell, low-priced sources are reduced, and suppliers' bargaining power is enhanced.

In terms of demand, the downstream textile industry has rebounded to around 70% of production, entering the post holiday replenishment cycle. Under high prices, procurement is mainly based on small orders of rigid demand, with limited enthusiasm for chasing high prices. However, rigid demand effectively absorbs prices.

If there is no obvious bearish trend in the short term, the price of PA6 is still prone to rise but difficult to fall, but the inhibitory effect of high prices on downstream demand is accumulating. Focus on the impact of changes in the Middle East situation on upstream crude oil and pure benzene prices in the future.

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