1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 fell violently in February, and the spot prices of various brands decreased as a whole. As of February 25, the mainstream offer price of the sample enterprises for China viscosity 2.75-2.85 was about 15800 yuan / ton, with an increase or decrease of – 1.66% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, pure benzene, caprolactam raw material, changed from rise to fall in February, and the cost support weakened. There is a large spot supply of caprolactam, and the market focus continues to move downward, with an obvious decline near the end of the month. At present, the supply and demand side is under pressure and the downstream market is depressed. Under various bad conditions, caprolactam is weak and the confidence in the field is insufficient. The caprolactam market is expected to be weak in the short term, mainly running downward.

The upstream caprolactam price fell, and the cost side support of PA6 was insufficient. The operating rate of domestic PA6 polymerization plant is relatively stable at 70%. The supply side is abundant this month. In February, some contracts of years ago were produced and delivered. In addition, the conventional textile inventory of enterprises was high, and the price reduction and shipment dragged down the spot price. In addition, the poor resumption of downstream enterprises this month and the slow expansion of demand in some areas have a certain negative impact on the demand side. Although the inventory position of terminal enterprise PA6 is not high, the air atmosphere is heavy in the future, the market will buy up rather than fall, and the preparation operation is biased to maintain production.

3、 Future forecast:

Business analysts believe that the spot price of PA6 fluctuated and fell in February, the trend of caprolactam turned from high to weak, and the cost support of PA6 weakened. The expansion of terminal demand is less than expected, the buyer’s mentality is not strong, and there is resistance to the high price supply. It is expected that the PA6 market may remain weak in the short term.