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SunSirs: Poor Demand, China PA6 Price Fell in August

August 31 2022 08:55:51     SunSirs (Selena)

Price trend:

According to the data of SunSirs, the domestic market of PA6 gradually declined in August, and the spot prices of various brands decreased. As of August 30, the mainstream offer price of China viscosity 2.75-2.85 by the sample enterprises was about 13,766.67 RMB/ ton, up or down by - 8.02% compared with the average price at the beginning of the month.

Analysis of influencing factors:

Industrial chain: on the upstream side, the caprolactam market price generally fell in August, but the decline was concentrated in the first half of the month. In the last ten days, there was a steady rise and a small fluctuation. The price trend of raw material pure benzene is poor, and the cost support of caprolactam is weak. The market of downstream products is general, the purchase of caprolactam is light, and the market support is not strong. The profit situation of caprolactam production enterprises was poor. In August, the number of equipment maintenance enterprises increased, and the decline of supply also eased the market pressure. It is expected that the market price of caprolactam will fluctuate in the short term, and the operation will be dominated.

The market trend of caprolactam in the upstream was strong after falling, and the cost side of PA6 in August was generally supported. At the end of the month, the operating rate of domestic PA6 polymerization plants had limited changes and remained at about 65%. The supply side of PA6 is abundant, and the profit of aggregation enterprises is general. With the production and consumption of terminal enterprises, the inventory backlog in the middle of the year has been reduced, but the demand for PA6 is difficult to get rid of the off-season market, and it continues to fall in the second half of the year. The downstream enterprises just need to maintain production in the preparation operation, but the overall operating rate is not high. They mainly take flexible small orders and are cautious in purchasing. The attitude of the merchants is general, and the offer follows the market.

Market forecast:

The spot price of PA6 fell in August, and the price of caprolactam stabilized after falling, and the cost of PA6 was generally supported. Downstream enterprises just need to take goods to maintain production, and the center of gravity of PA6 offer falls in a three-step manner. It is expected that the next traditional demand season will drive demand, and the PA6 market may rise in China.

 

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