1、 Price trend:

According to the bulk list data of business agency, the domestic market of PA6 fluctuated this week, and the spot prices of some brands fell after rising. As of July 15, the mainstream offer price of the sample enterprises for Zhongtong 2.75-2.85 was about 15533.33 yuan / ton, up or down -0.43% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam fluctuated narrowly this week. Raw material pure benzene continued to decline, international crude oil fell sharply, and external news support was weak. Moreover, the domestic pure benzene port inventory continues to increase and the supply increases. Downstream products have poor profits, bargain hunting in demand, digestion of some low-end supply, which has a certain supporting effect on the spot price. It is expected that in the short term, the caprolactam market will still be reduced by a narrow margin.

The upstream caprolactam market trend is general, and the cost side support of PA6 is still weak this week. The operating rate of domestic PA6 polymerization plant has limited changes, which is generally stable at 70%, and it is running sideways this week. In terms of news, the international crude oil was affected by the Federal Reserve’s interest rate hike and other factors in the early stage, and the decline in price volatility intensified, and the near and far cost side support of PA6 weakened. The supply side of PA6 is abundant, and the profit of polymerization enterprises is poor. The load of downstream enterprises was reduced by a narrow margin, but it was heard that inventories were overstocked. In the middle of the week, enterprises prepared goods to hold up the spot price, which fell back over the weekend. The purchaser is still cautious in taking goods, and small order purchase just needs to maintain production.

3、 Future forecast:

Business analysts believe that the spot price of PA6 fluctuated this week, caprolactam fell narrowly, and the cost support of PA6 remained weak. Downstream enterprises just need to maintain production when taking goods, and the on-site operation is biased towards bargain hunting. It is expected that in the short term, the trend of PA6 market may operate in a narrow range in the long short game.