According to the data of SunSirs, the domestic PA6 market was active in early May, and the spot price rose significantly. As of May 18, the mainstream offer price of 2.75-2.85 for the sample companies was around 15,666.67 RMB/ ton, a 5.62% increase from the average price at the beginning of the month and a 37.83% increase over the same period last year.

In terms of upstream caprolactam, the domestic spot market is strong recently. The price of direct raw material pure benzene was stable after rising, which was beneficial to the cost of caprolactam. It is expected that the recent market will gradually stabilize and enter a high consolidation market.

Raw material caprolactam market trend is strong, PA6 cost support increased. At present, the price of PA6 is rising with upstream raw materials, and downstream factories are cautious in purchasing. Trading on the floor was light. The price of engineering materials is slightly higher than that of other materials. Although caprolactam is also rising in slicing, the profit situation of polymerization plant may be difficult to open the previously maintained negative profit situation. The overall operating rate of the industry is about 70%.

SunSirs analysts believe that, in the first half of May, the upstream caprolactam market of PA6 was stronger, and PA6 rose passively due to the support of the cost side. The purchase intention of PA6 downstream factories is still not strong, and the end users mainly operate cautiously, and the demand continues to be weak. Generally speaking, although PA6 is on the rise, the accumulation of cost pressure and the poor profit situation of the industry are continuing to hinder the domestic PA6 market. The price of PA6 is expected to rise limited in China.

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