This month, the domestic PA6 market has risen after consolidation, and spot prices have mostly increased. According to data monitoring from SunSirs, as of May 29th, the domestic benchmark price of PA6 mixture was 15,075 RMB/ton, with a price increase or decrease of +3.08% compared to May 1st.
The market price of caprolactam has continued to rise this month. The price of raw material pure benzene has risen at a high level, coupled with an increase in downstream operating rates, demand is improving. At the same time, some companies underwent maintenance on their caprolactam units within the month, leading to a tightening of market supply. Caprolactam is highly beneficial and provides stronger support for the cost side of PA6.
Supply side: In May, PA6 production enterprises saw a narrow increase in load, with the operating rate gradually rising to around 88% and production slightly increasing. The change in inventory position of enterprises is limited. Some manufacturers have low inventory levels. The overall pressure on the supplier is not significant, and the boost to PA6 spot prices is still acceptable.
In terms of demand: In the downstream sector, the main downstream industries have seen high levels of production within the month. The operating rate of spinning remains at 85%, while the weaving load has risen narrowly to around 70%. In the early stage, strong demand was purchased downstream, and some brands were delivered in the middle of the month, resulting in a decrease in on-site spot goods. The demand side of PA6 provides sufficient support for spot goods.
The PA6 market rose in May. The price of caprolactam continues to strengthen, increasing support for the cost side of PA6. The load of domestic polymerization plants is stable with an increase, and the demand for stocking by terminal enterprises is relatively strong. Overall, the current market demand is strong, and raw materials are strengthening. It is expected that the PA6 market will tend to be strong and consolidate in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.