Fundamentals weaken, PA6 market declines

Price trend


Benzalkonium chloride

The recent domestic PA6 market trend is weak, with spot prices falling. According to data monitoring by Business News Agency, as of March 17, the average factory price of PA6 in China was 13900 yuan/ton, a decrease of – 1.65% compared to the average price level at the beginning of the month.


Cause analysis


In terms of raw materials:


It can be seen from the above figure that the market price of caprolactam is stable this week. The price of raw material pure benzene fell, and cost support weakened. In addition, the market supply has increased due to the increased load of caprolactam units. Downstream, procurement is just needed, and cautious operation is the key. It is expected that caprolactam may weaken in the short term, weakening its support for PA6.


Sodium Molybdate

On the supply side:


This week, the overall load of domestic PA6 production enterprises was around 72%, with an overall narrow increase. The market supply is stable, the inventory position is rising, the supplier’s support for spot goods is moderate, and the factory price is reduced.


Demand: On the downstream side, the overall load of the weaving and spinning industries has increased in a narrow range, but the consumption of raw materials is poor, replenishment demand is weak, on-site trading is weak, and the overall demand for PA6 chips is poor.


Aftermarket Forecast


The PA6 market fell this week. The load of domestic polymerization plants has steadily increased, and the supply has maintained an adequate level. The demand side tends to be rigid. Caprolactam weakened, and PA6 cost side support was moderate. Market sentiment is dominated by wait-and-see, with actual single trading volume shrinking. It is expected that the PA6 market will continue to be weak in the short term.

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