According to the bulk list data of SunSirs, the domestic market trend of PA6 was strong at the end of August, and the spot price increased by a narrow margin. As of August 27, the mainstream offer price of 2.75-2.85 of China viscosity by the sample enterprises was about 15,466.67 RMB/ ton, a decrease of 0.65% compared with the average price at the beginning of the month and an increase of 41.46% year-on-year.
Industrial chain: upstream, caprolactam has increased. Although the price of raw material pure benzene was adjusted by weak shock, it was bad for caprolactam. However, recently, some caprolactam production lines have entered maintenance, and the supply has been slightly tightened, which is good for the spot market. Sinopec took the lead in raising the ex factory price. The downstream just needs to be purchased, and the demand is OK. Caprolactam market is expected to strengthen in a narrow range in the short term.
The upstream caprolactam price strengthened last week. Affected by the cost support, PA6 spot price rose with the upstream. At the same time, the cost pressure of caprolactam price on PA6 is still, the load level of polymerization plant is general, the industrial operating rate is more than 60%, and the improvement of profitability of polymerization plant is limited. In terms of end-user demand, the rising market of raw materials last week stimulated some trading, but the overall demand is still just to take goods to maintain production. Merchants tried to increase their offer, and the wait-and-see atmosphere was still heavy.
SunSirs analysts believe that the upstream support for the cost side of PA6 was strengthened at the end of August, the on-site supply side operated smoothly, and there were some follow-up and preparation operations on the demand side. The PA6 market is strong under the guidance of the strong market of raw materials. It is expected that the spot price of PA6 may be strong in the short term in China.
