Recently, the domestic PA6 market has continued to decline, with most spot prices being lowered. According to data monitoring from SunSirs, as of March 29th, the domestic benchmark price of PA6 mixture was 14,775 RMB/ton, with a price increase or decrease of -2.64% compared to the beginning of the month.

Last week, the market price of caprolactam continued to decline. The price of raw material pure benzene has fallen, and the impact of cost support is weak. In terms of supply, enterprises are currently operating at a high level and inventory levels continue to rise. The caprolactam market has sufficient supply, limited downstream demand, and weak market trading. The cost support of caprolactam for PA6 has weakened.

In terms of supply: Last week, the load of PA6 production enterprises remained generally stable, with an average operating rate of around 83%. At the end of the month, the market supply remained stable and there was ample supply of goods. The inventory level has flattened horizontally, and although the supply pressure has not increased significantly, the overall support for PA6 spot is average.

In terms of demand: In the downstream sector, the recent production in the main downstream industries has remained stable. The operating rate of spinning is around 84%, and the weaving load is stable at 72%. Although there has been a significant improvement overall compared to the beginning of the month, due to the gradual decline in PA6 prices, downstream enterprises have a poor willingness to stock up and a wait-and-see attitude towards the decline. Be cautious in trading on the exchange. Limited support for PA6 demand side.

Last week, the PA6 market weakened. The price of caprolactam continues to decline, weakening the cost support for PA6. Domestic polymerization plants have a large and stable load, while terminal enterprises need to stock up and purchase with caution. There is currently a lack of bullish news on the market, and it is expected that the PA6 market may continue to operate weakly in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.