In April, the domestic PA6 market fluctuated first and then declined, with the decline in spot prices concentrated in the second half of the month. According to data monitoring from SunSirs, as of April 30th, the domestic benchmark price of PA6 mixture was 14,625 YUAN/ton, with a price level increase or decrease of -1.02% compared to April 1st.

In April, the market price of caprolactam increased first and then decreased. At the beginning of the month, due to the continuous increase in the raw material pure benzene, the caprolactam market stopped falling and rose. However, the load position of domestic caprolactam enterprises is still at a high level. As the increase in pure benzene is hindered, the market benefits are exhausted, and the mid month market has once again turned downward. In the latter half of the year, some maintenance companies have resumed work and returned, resulting in increased supply pressure and limited downstream demand. Overall, the cost support for PA6 has weakened.

In terms of supply: In April, the load of PA6 production enterprises fluctuated narrowly, with an average operating rate of around 83%, stable production, and abundant supply of goods. Some sliced products have a low digestion speed and there is a certain accumulation of inventory. The overall support from the supplier for PA6 spot goods is average.

In terms of demand: Downstream, the main downstream industries saw a decline in production in April. The operating rate of spinning has decreased from 85% to less than 80%, and the weaving load has remained stable at around 70%. The main logic for downstream purchasing within the month still revolves around maintaining production, with some stocking demand released before the end of the month holiday. However, due to the weakening of PA6 prices, terminal enterprises are cautious in stocking up. The support for spot goods on the demand side of PA6 is average.

The PA6 market fluctuated and fell in April. The price of caprolactam first rose and then fell, causing fluctuations in the cost support for PA6. Domestic polymerization plants have a large and stable load, with small fluctuations, and terminal enterprises are in urgent need of goods. Overall, the current market is characterized by a mix of long and short positions, and it is expected that the PA6 market may return to a calm consolidation trend before the holiday.

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