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SunSirs: Cost Support Strengthened, China PA6 Price Rose

September 14 2022 14:07:22     SunSirs (Selena)

According to the data of SunSirs, the domestic market of PA6 was sorted out and operated last week, and the spot prices of various brands increased. As of September 9, the mainstream offer price of the sample enterprises for Zhongjian 2.75-2.85 was about 14,266.67 RMB/ ton, up or down by +3.88% compared with the average price at the beginning of the month.

Industrial chain: on the upstream side, the market price of caprolactam rose last week, the price of raw material pure benzene strengthened, and the cost of caprolactam was relatively strong. The activity of downstream enterprises in purchasing caprolactam increased. Previously, the number of caprolactam production enterprises and equipment maintenance enterprises increased, and the decline in supply further strengthened the market. It is expected that the caprolactam market price will be dominated by shock consolidation in the short term.

The market trend of caprolactam in the upper reaches rose, and the support of PA6 cost end was strong last week. The operating rate of domestic PA6 polymerization plants has limited changes, and generally remains at about 65%. The supply side of PA6 is abundant, and the profit of polymerization enterprises is average. With the production and consumption of end enterprises gradually entering the peak season, the volume of sliced goods continued to rise last week, and the overall demand for PA6 improved. Although it will take some time for the operating rate and demand release effect of end enterprises to be fully realized, the recent double festival is approaching, and the buyer's stock operation has a tendency to increase, and the orders of PA6 aggregation enterprises are increasing. The mentality of merchants has been strengthened, and the offer has increased with the production price.

SunSirs analysts believe that the spot price of PA6 rose last week, the price of caprolactam rose, and the cost support of PA6 was OK. Downstream enterprises just need to take goods stronger, and PA6 offer has increased significantly. Traditional peak season demand may be released gradually, and PA6 market is expected to continue to be strong in China.

 

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