Weak market demand, PA6 market turned down

1、 Price trend:

 

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According to the bulk list data of the business club, the domestic market of PA6 has fallen recently, and the spot prices of various brands have been lowered. As of June 16, the mainstream offer price of the sample enterprises for Zhongtong 2.75-2.85 was about 16500 yuan / ton, up or down by +0.61% compared with the average price at the beginning of the month.

 

2、 Analysis of influencing factors:

 

Industrial chain: upstream, the price of caprolactam rose in general this week. The far point crude oil was strong due to the tension in Eastern Europe and the reduction of other oil producing countries. Although it fell back due to the impact of the Federal Reserve over the weekend, pure benzene and caprolactam were supported by it. Downstream procurement is based on demand and production is maintained. It is expected that the caprolactam market will continue to be strong in the short term.

 

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The upstream caprolactam market trend is positive, and PA6 cost side support is stable this week. The operating rate of domestic PA6 polymerization plant is generally stable at 70%, which has fallen back in a narrow range recently. In terms of news, the tension between Russia and Ukraine is still tense, and the strong operation of international crude oil prices has a fair supporting and conducting effect on the cost side of PA6. The supply side of PA6 is relatively abundant, but the profit of the manufacturer is under pressure. The load of downstream enterprises fell in a narrow range. As the market entered the off-season, the demand slowed down. The purchaser is cautious in taking the goods, mainly in small order purchase to maintain production, and the delivery is not good.

 

3、 Future forecast:

 

According to the analysts of business agency, the spot price of PA6 fell this week, the trend of caprolactam rose and fell slightly, and the cost support of PA6 was stable. Downstream enterprises mainly take small orders to maintain production. There is resistance to high price goods in the market, and the trading volume shrinks. It is expected that the trend of PA6 market may be reduced by a narrow margin in the short term.

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