Pa6 daily report: Weak Market Demand, Localized Polyester Chip Price Declines

1 Summary of the day

①、 Longzhong Information reported on April 13: Sinopec's caprolactam weekly settlement price last week was RMB 13,800 per ton (six-month interest-free acceptance bill), down RMB 230 per ton from the previous period.

②、 Sinopec's refineries in East China, South China, and Central China have reduced the price of pure benzene by 300 yuan/ton, setting it at 8,700 yuan/ton, effective from April 9.

2 Spot Market Overview

Table 1 Summary of Domestic Polyamide 6 Prices (Unit: RMB/ton)

Data source: Longzhong Information

Downstream demand remains weak, and the market is cautious about purchasing chips, combined with an upward trend in some chip inventories, which has led to a slight decline in polymer factory prices. Currently, the price of conventional spun PA6 in East China is 13,500-13,600 yuan/ton cash short delivery, and high-speed spun products are 14,000-14,200 yuan/ton acceptance delivery.

Figure 1 Domestic Weekly Price Trend Chart of Polyamide 6 (Unit: RMB/ton)	Figure 2 Domestic Polyamide 6 and Raw Material Price Trend Chart (Unit: RMB/ton)
Data source: L&F Information System	Data source: Longzhong Information

3 Production Dynamics

1) The capacity utilization rate of Polyamide 6 is 69.46%.

The profit of conventional spinning chip of polyamide 6 is -400 yuan/ton, and the profit of high-speed spinning is -665 yuan/ton. Ton.

4 Price Prediction

Insufficient follow-up on downstream orders, weak overall market trading activity, and rising inventories at some polymerization plants have collectively led to an expectation that PA6 chips will remain weak and volatile in the near term.

5 , Relevant Product Information

Caprolactam ： Today’s East China caprolactam market price is RMB 13,200 per metric ton, delivered on acceptance basis, remaining unchanged from the previous trading day. Industry supply is tight.The market remains firm. 。

② Nylon Filament Nylon POY 85D/24 in Jiangsu, Zhejiang and Fujian areas is priced at 15,500-16,700 yuan/ton, with some quotes higher, and negotiations are flexible. Cost increases drive the price, and the negotiation center remains high and stable. Overall, the nylon filament industry is mainly negotiating with demand-based purchasing, and the industry is operating with thin profits.

6. Data Calendar

Table 2 Domestic Polyamide 6 Data Overview (Unit: 10,000 tons, yuan/ton, days)