Recently, the domestic PA6 market has been strong and volatile, and the spot price has increased more or decreased. According to the data monitoring of the business agency, as of May 14, the domestic PA6 hybrid benchmark price was 14,700 yuan/ton, and the price level was +0.51% higher or lower than that on May 1.
Recently, the market price of caprolactam has risen. The price of raw material pure benzene increased, and the cost support increased. Although some enterprises have resumed construction, the market supply has increased. However, the downstream operating rate increased, and the demand for caprolactam improved. The overall industrial chain market trend is upward, and the support for PA6 is acceptable.
Supply: Recently, the load of PA6 manufacturers fluctuated in a narrow range, with an average operating rate of about 84% and a stable output. The inventory position of enterprises decreased, and the on-site supply of goods decreased compared with the previous period. The supplier's overall efforts to boost PA6 spot increased.
Demand: on the downstream side, the start-up of major downstream industries picked up after the holiday. In terms of spinning, the operating rate was adjusted back to 85%, and in terms of weaving load, it rose narrowly to about 71%. Recently, downstream purchasing has strengthened rigid demand, and the stock orders of some brands have increased. The support of PA6 demand side for spot goods has increased.
Recently, the PA6 market volatility is relatively strong. Caprolactam prices stopped falling and rebounded, strengthening the support for PA6 cost side. Domestic polymerization plants have large, stable and small loads, and terminal enterprises have strong stock requirements. On the whole, the current market momentum is heating up, and the delivery orders are generally biased towards pre-sale, which may lead to overdraft and partial consumption in the future. It is expected that in the short term, the PA6 market will be mainly stable and small.
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