Polyamide 6 Weekly Review: Market Sentiment Shifts, Polymer Inventory Rises Modestly

I. This Week's Market Focus Points

II. This Week's Market Analysis

This week, the price of regular PA6 filament has fluctuated significantly, with the mainstream transaction range reaching 12,800-13,000 yuan/ton (cash on delivery) as of Thursday. At the beginning of the week, driven by a significant increase in the price of pure benzene by Sinopec, the prices of caprolactam and chips also rose. Subsequently, with the decline in international crude oil prices, the price of pure benzene dropped significantly, leading to a rapid shift in market sentiment. Coupled with insufficient follow-up of terminal orders, the trading atmosphere cooled down, and downstream factories mainly adopted a strategy of purchasing according to demand.

PA6 high-speed spinning chips also showed wide fluctuations, with mainstream transactions on Thursday ranging from RMB 13,300 to 13,500 per ton (cash-against-documents, short-haul delivery). Due to sharp fluctuations in polymerization costs, producers frequently adjusted prices, but new orders from end-users remained sluggish, leading companies to primarily focus on reducing finished goods inventory.

III. Analysis of Market Impact Factors

The nylon 66 market experienced sharp fluctuations followed by stabilization. It was driven by both crude oil and pure benzene. Prices rose at the beginning of the week and adjusted downward after Tuesday. Downstream buyers remained cautious, and the market entered an observation and stabilization phase later. As of Thursday, the spot delivery quotation for liquid nylon 66 in East China was 12,000 yuan/ton.

Cost and profit calculations show that the weekly profit for conventional spinning chips is approximately -10 RMB per ton, while that for high-speed spinning premium-grade chips is about 1,145 RMB per ton, indicating a significant improvement in profitability.

IV. Market Forecast for Next Week