Price trend
| Thiourea |
In August, the domestic PA6 market fluctuated and saw narrow adjustments in spot prices. According to data monitoring from Business News Agency, as of August 31st, the mixed benchmark price of PA6 in China was 14050 yuan/ton, an increase or decrease of+0.36% compared to 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 rose first and then fell this month. In the early days, crude oil led to an increase in pure benzene, strengthening cost support, and boosting the cost of caprolactam. In addition, due to the maintenance of some enterprise equipment and the tightening of market spot prices, caprolactam has risen under the dual benefits. In the second half of the month, some maintenance devices were restored, and downstream follow-up was slow, resulting in poor demand performance. Under loose supply conditions, the spot price of caprolactam began to decline. However, the overall fundamentals are improving, and it is expected that the price of caprolactam will stabilize in the short term, with a stronger consolidation trend, which can still provide support for the PA6 market.
On the supply side:
This month, the load of production enterprises has generally remained stable, with an average operating rate of around 76% in China. The market supply is relatively flat compared to the previous period, and the inventory position has slightly increased. The supplier’s support for spot goods is average, and the factory price is cautious.
In terms of demand: In the downstream sector, the load of the weaving and spinning industries has been adjusted slightly, and the overall load position is relatively stable. The actual delivery is average, and the flow of goods is relatively slow. The terminal stocking atmosphere is wait-and-see, and overall support for the demand side of PA6 slicing is poor.
Future Market Forecast
The PA6 market fluctuated narrowly in August. Caprolactam prices rose first and then adjusted, and PA6 cost side support was moderate. The domestic polymerization plant has stable load, stable and abundant production. In terms of demand, it is average, but there has been no improvement in downstream stocking enthusiasm. It is expected that the PA6 market will maintain consolidation and operation in the short term.
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