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SunSirs: Poor Trading Atmosphere China PA6 Overstocking and Price Down

March 19 2021 10:56:54     SunSirs (Selena)

According to the data of SunSirs, China's domestic PA6 market fell from a high level in March, and the spot price had a correction. As of the press time on March 17, the mainstream offer price of 2.75-2.85 RMB/ ton was about 15,633.33 RMB/ ton, a decrease of 1.88% compared with the average price at the beginning of the month, and a rise of 17.25% compared with the same period of last month.

Upstream, caprolactam domestic market recently also began to callback, and individual spot prices fell significantly. The average offer price of sample enterprises of business cooperatives was about 13,733.33 RMB/ ton, with an increase of 0.98% compared with the average price at the beginning of the month, and a month on month increase of 19.77% compared with the same period in February. Caprolactam market is expected to continue to adjust downward in the short term.

The price of raw material caprolactam callback weakened the cost support of PA6. Recently, the merchants are still more active in shipping, and the low price supply forces the manufacturers to reduce the load.

SunSirs analysts believe: Recently, the caprolactam load of PA6 upstream is high and the price is low, which weakens the cost support of PA6. Just take delivery of PA6, there is no market demand in the downstream. On the whole, the fundamentals of PA6 are strong at present, and it is expected that the price of China PA6 will continue to decrease slightly.

 

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