Demand shrinks, PA6 market declines

1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 fell this week, and the spot prices of various brands fell. As of July 1, the mainstream offer price of the sample enterprises for Zhongtong 2.75-2.85 was about 15600 yuan / ton, up or down -2.90% compared with the average price at the beginning of the week.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam fell this week. Raw material pure benzene continued to decline, crude oil weakened, and external news support was weak. Domestic pure benzene port inventory continues to increase and supply increases. However, the profit of downstream products is at a loss, the economy of some devices is reduced, and the demand is weakened. It is expected that the caprolactam market will continue to decline in the short term.

The upstream caprolactam market fell, and the cost side support of PA6 weakened this week. The operating rate of domestic PA6 polymerization plant has limited changes, which is generally stable below 70%, and it is running sideways this week. In terms of news, affected by the Fed’s interest rate hike in the early stage, the international crude oil price fell, and the near and far cost side support of PA6 weakened. The supply side of PA6 is abundant, and the profits of polymerization enterprises are under pressure. The load of downstream enterprises fell narrowly, and the demand slowed down as the market entered the off-season. The purchaser is cautious in taking goods, mainly in small order purchase to maintain production, and the delivery and investment situation is poor.

3、 Future forecast:

Business analysts believe that: this week, the spot price of PA6 fell, caprolactam fell, and the cost support of PA6 weakened. Downstream enterprises take small orders to maintain production, and there is resistance to high price sources in the market, and the trading volume shrinks. It is expected that the trend of PA6 market may be weak in the short term.