According to the data from SunSirs, the domestic PA6 market fluctuated in September, and most of the spot brands were reduced. As of September 30, the mainstream offer price of 2.75-2.85 from traders was about 10,433.33 RMB/ ton, a decrease of 5.15% compared with the average price at the beginning of the month.

The market trend of PA6 in September was weak, and the upstream lactam price recovered at the beginning of the month, and the cost side support was strengthened. But in general, lacking of good news, PA6 began to fall after a small rise. The monthly high of 11,033.33 RMB/ ton of average price appeared early on September 3. At present, the demand level of downstream factories is not high, and the order follow-up is weak. Among them, the transaction of high-speed spinning chips is particularly slow, and the situation that downstream factories are still in stock is common in conventional spinning. Affected by this, there is resistance to shipment and less inquiry. The overall trend of the far end crude oil in September was also unsatisfactory, and the market confidence was insufficient, which did not improve the market atmosphere of PA6. Only the overall operating rate of nylon filament is good for the price of PA6, but the current overall demand is weak and difficult to change, and China market of PA6 is relatively difficult.

Market Forecast:

SunSirs analysts believe: China domestic PA6 market weakened in September, and spot prices of various brands were mostly reduced. The upstream caprolactam price rose first and then fell, and the cost side support of PA6 was unstable. Downstream factories had sufficient inventory, purchased on demand and stocked up on bargains. Recently, PA6 market is affected by multiple negative effects such as weak demand, which is expected to be difficult to improve in the short term.

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