According to the data of business club's block list, the domestic PA6 market was mainly adjusted in mid June, while the spot price was adjusted in a narrow range. As of June 23, the mainstream offer price of sample enterprises for CNMC 2.75-2.85 was about 14,766.67 RMB/ ton, a decrease of 1.37% compared with the average price at the beginning of the month, and a rise of 20.71% compared with the same period last year.
Upstream caprolactam: in June, domestic spot market undertook the high price cut last month, and it is expected that caprolactam will be stable in the short term.
Raw material caprolactam deadlocked operation, the cost support of PA6 is acceptable, the cost side pressure remains, and the profit improvement of polymerization plant is limited. Recently, there are still some enterprises in the industry production line maintenance, supply side good conventional textile chip products, spot prices rose slightly. At the same time, the floor trading has also improved to some extent. However, the overall off-season market of the rubber and plastic industry has not passed, and the purchasing operation of downstream factories tends to just take the goods, and the follow-up is cautious and slow. The market reaction to the rising price of goods is weak, and the actual trading is mostly small orders. The overall inventory of the society has been slightly reduced.
SunSirs analysts believe that: in mid June, the upstream caprolactam market of PA6 was stable, and the cost of PA6 was deadlocked. The downstream factories mainly need to take goods, the consumption of end users is at the off-season level, and there is a strong wait-and-see mentality. It is expected that the spot price of PA6 will remain deadlocked in China in the near future.
