Price trend

In January, the domestic PA6 market trend was stronger, and the spot price rose. According to the data monitoring of SunSirs, the average ex-factory price of domestic PA6 was 14,333.33 RMB/ton on January 31, up by 7.50% from the price level at the beginning of the month.

Analysis review

In terms of raw materials: from the figure below, we can see that the market price of CPL rose in January. The price of raw material pure benzene had risen, and the cost of CPL strengthened to keep up with the rise. The supply of CPL in the spot market was tight, and the overall performance of CPL was good. The price of CPL at the beginning of February was 13,300 RMB/ton. (The liquid premium products, self-delieved)

Supply: In January, the operating rate of domestic PA6 polymerization plant was raised from less than 65% to more than 70%, with stable output and abundant supply.

Demand: in the downstream, the textile and spinning industries had a weak load, and the overall demand for PA6 chips by terminal enterprises was weak. The spot competition on the market was strong, and the actual orders were mostly contract transactions. The market of PA6 in January was driven by the raw material side.

Market outlook

The PA6 market rose in January. The load of domestic polymerization plants had increased steadily, and the supply maintained an adequate level. On the demand side, it tended to be rigid. The cost of PA6 was supported by the rise of CPL. The market sentiment was mainly wait-and-see, and the actual trading volume was average. It is expected that the PA6 market will be stronger supported by the cost side in the short term.

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