The upstream high level weakened, and PA6 showed weakness

1、 Price trend:

 

ferric sulfate (Poly ferric sulphate)

According to the bulk list data of business society, the domestic market of PA6 fell, and the spot prices of various brands gradually decreased. As of March 18, the mainstream offer price of the sample enterprises for China viscosity 2.75-2.85 was about 16166.67 yuan / ton, up or down by + 2.54% compared with the average price at the beginning of the month.

 

2、 Analysis of influencing factors:

 

Industrial chain: upstream, the price of caprolactam fell this week. The price of raw material pure benzene decreased, the cost side support weakened, and caprolactam enterprises reduced the price accordingly. The overall demand on the floor is not strong, the bad factors are superimposed, and the caprolactam market weakens.

 

Azodicarbonamide (AC foaming Agent)

The upstream caprolactam price fell, and the cost side support of PA6 weakened. The operating rate of domestic PA6 polymerization plant increased in a narrow range this week, with an overall stability of 70%. On the cost side, due to the easing of the situation in Russia and Ukraine, the international crude oil price plummeted, the petrochemical industry chain products fell, and the cost side support of PA6 collapsed. The supply side of PA6 continues the previous abundant pattern, and the demand of downstream enterprises is flat. In addition to contract production and delivery, there are few large-scale goods preparation in the field. Downstream purchasing is weak. Due to the obstruction of logistics in many places caused by recent health events, PA6 trading has further shrunk. At present, PA6 is bad and the market has weakened.

 

3、 Future forecast:

 

Business analysts believe that the spot price of PA6 fell this week, the trend of caprolactam was poor, and the cost support of PA6 weakened. The terminal demand maintains a weak pattern. Buyers resist the supply of high-priced goods, and buy up rather than down on the floor. At the same time, the logistics is blocked, affecting the delivery and delivery. It is expected that the PA6 market may remain weak and volatile in the short term.

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