Price trend
In the first half of October, there was a decline in the domestic PA6 market, and spot prices were generally lowered. According to data monitoring from Business News Agency, as of October 16th, the mixed benchmark price of PA6 in China was 14375 yuan/ton, a decrease of -3.04% from the average price level at the beginning of the month.
Cause analysis
In terms of raw materials:
From the above figure, it can be seen that the market price of caprolactam has decreased after the holiday. The market for raw material pure benzene has weakened, weakening cost support. At the same time, new units of caprolactam have been put into operation, and many production lines have resumed work recently, leading to an increase in supply. Downstream demand has shrunk, resulting in multiple negative effects on caprolactam. Overall, there is insufficient support for the cost side of PA6.
On the supply side:
After the holiday, PA6 production enterprises have generally operated horizontally in terms of load, with an average operating rate of around 73% in China. The market supply is relatively flat compared to the previous period, with an increase in on-site supply and a weakening of supplier support for spot goods.
In terms of demand: Downstream, the load of the weaving and spinning industries has fluctuated slightly and remained stable, with an average load position of around 65% and 81%, respectively. Terminal enterprises still have some pre inventory raw materials to be digested, and their current willingness to stock is not high, and their acceptance of high priced sources is not good. The circulation speed of some sources of goods has been affected. The market has a heavy wait-and-see atmosphere. Overall, demand side support for PA6 slicing has weakened.
Future Market Forecast
The PA6 market fell in the first half of October. The price of caprolactam has weakened, and the overall cost support for PA6 has declined. The domestic polymerization plant has stable load and abundant supply. The demand side is cautious in picking up goods, and market trading is relatively light. It is expected that the PA6 market may continue to be weak in the short term.
| http://www.sulfamic-acid.com |