Price trend

In February, the domestic PA6 market was weak, and the spot prices fell more or less. As of February 28, the average ex-factory price of domestic PA6 was 14133.33 yuan/ton, up – 1.4% from the average price at the beginning of the month, according to the data monitoring of the Business News Agency.

Cause analysis

Raw materials:

It can be seen from the above figure that the domestic caprolactam market price fluctuated and fell in February. The price of raw material pure benzene fell first and then rose, and the cost support was acceptable. The spot supply of caprolactam is stable. Downstream demand is insufficient, with low-price procurement as the main part, and the delivery and investment at the end of the month have improved. The supply of caprolactam is expected to decrease, and the overall market is stable. It is expected that caprolactam prices will stabilize and rise in the short term.

Supply:

In February, the overall load of domestic PA6 production enterprises fluctuated and adjusted between 66% and 70%, and the overall operation was stable. The market supply is stable, the supplier’s support for spot goods is general, and the ex-factory price is loose.

Demand: Downstream, the load of the weaving and spinning industry has increased, but it will take time to digest the raw materials before the festival, the demand for replenishment is weak, the intra-field trading is weak, and the overall demand for PA6 chips is poor.

Aftermarket forecast

In February, the market price of PA6 fell due to volatility. The load of domestic polymerization plants has increased steadily, and the supply has maintained an adequate level. On the demand side, it tends to be rigid. Caprolactam is weak, and PA6 cost support is general. The market sentiment is dominated by wait-and-see, and the volume of real orders has shrunk. It is expected that the PA6 market will continue to be weak in the short term.