According to the data of SunSirs, the domestic PA6 market fell on May 25, and the spot price dropped significantly. As of May 25, the mainstream offer price of sample enterprises for CNMC 2.75-2.85 was about 15,166.67 RMB/ ton, with a one-day drop of 2.15%, up 31.12% over the same period of last year.

In terms of upstream caprolactam, the domestic market is relatively strong in the near future, and the spot price fell today after finishing sideways on May 24. Last week, crude oil, broad lower outside, bad news outside, raw material pure benzene, prices continued to fall. Caprolactam immediately fell followed with upstream.

Raw material caprolactam market from up to down, PA6 cost side support reversed. The upstream support is loose, and the main favorable factors are weakened in the short term. In addition, the recent downstream factory purchase operation is cautious, and the follow-up is slow. Trading on the floor was weak, and the actual trading momentum was poor. The profit situation of polymerization plant continued to be in the pattern of loss, the decline of engineering materials and chips was similar, and the inventory of the enterprise was on the rise.

SunSirs analysts believe that, on May 25, the upstream caprolactam market of PA6 stagnated and turned to decline, and the recent cost side support guidance market of PA6 suffered a drastic decline, with a large one-day decline. There is no large-scale demand in downstream factories, and the end-user mentality is not strong, so the operation is mainly cautious. Overall, the current PA6 market is short in China, and the spot price is expected to continue to fall.

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