In early September, the domestic PA6 market fluctuated and rose, with spot prices generally rising. According to data monitoring from SunSirs, as of September 11th, the mixed benchmark price of PA6 in China was 14,375 RMB/ton, a decrease of +1.95% compared to the average price level at the beginning of the month.

Recently, the market price of caprolactam has increased significantly. In early September, crude oil led to an increase in pure benzene, strengthening cost support, and boosting the cost of caprolactam. In addition, with more active market trading compared to the previous period, caprolactam rose under the dual benefits. 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. This provides sufficient support for the PA6 market.

The production enterprises have been operating horizontally in terms of load in this cycle, with an average operating rate of around 75% in China. The market supply is relatively flat compared to the previous period, and the inventory position has decreased. The supplier's support for spot goods is average, and the factory price has increased after the price has increased.

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 buyer has some resistance to the acceptance of the increased price. The speed of goods circulation still needs to be improved. The overall wait-and-see atmosphere for terminal stocking is poor, with poor support for the demand side of PA6 slicing.

In early September, the PA6 market fluctuated and rose. The price of caprolactam has increased significantly, and the cost support for PA6 is relatively strong. The domestic polymerization plant has stable load, stable and abundant production. In terms of demand, the improvement in downstream stocking enthusiasm is limited. It is expected that the PA6 market will continue to be guided by cost benefits and maintain a strong trend in the short term.

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