1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 generally rose last week, and the spot prices of various brands rose and fell. As of March 14, the mainstream offer price of 2.75-2.85 of the sample enterprises was about 16500 yuan / ton, up or down by + 4.65% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: in the upstream, caprolactam and its raw material pure benzene were still supported by the rise of crude oil price last week, the remote cost strengthened, and the enterprise raised the price. Near the weekend, crude oil callback, caprolactam horizontal consolidation. In the short term, the price position of raw materials will continue to be high, and the orders in the early stage will be delivered one after another. It is expected that the price of caprolactam may be strong.

After the price of caprolactam in the upstream rose, the cost side support of PA6 strengthened. The operating rate of domestic PA6 polymerization plant is relatively stable at 70%. Due to the increasing uncertainty of the situation in Russia and Ukraine, the market is worried about the supply fluctuation of energy and other bulk commodities in the future. The petrochemical industry chain may remain high in the short term, and PA6 news and cost side support is strong. Last week, the supply side continued the previous abundant pattern, and the demand of downstream enterprises was flat. In addition to contract production and delivery, there were few large-scale goods preparation on site. The weakness of downstream purchasing caused the shortage of PA6 after rising, and the trading situation was poor within the week. The main benefit of PA6 was still the cost side.

3、 Future forecast:

Business analysts believe that the spot price of PA6 fluctuated Youzhang last week, the trend of caprolactam rose, and the cost support of PA6 strengthened. The terminal demand weakened, and the buyer’s resistance to the high price supply led to the rise and fall of PA6. It is expected that the PA6 market may remain strong and volatile in the short term.