1Here's a direct translation of "今日摘要" into English: **Today's Summary**

① Middle East Petrochemical Company (MEPCO) 2025 March settlement price is 10790 yuan per ton (liquid title of high-grade ammonium nitrate with a quality of 6 months). The price decreased by 715 yuan per ton compared to 2 March settlement price.

Sinopec has reduced the price of pure benzene at its East China and South China refineries by 100 yuan/ton, now set at 6,950 yuan/ton, effective from March 18.

2Spot Overview

Table 1: Domestic Polyamide 6 Price Summary (Unit: Yuan/Ton)

The PA6 slice market slightly increased today, with raw material adiponitrile slightly rising, leading to an increase in slice costs, and polymer manufacturers' willingness to reduce margins has weakened. Some polymer manufacturers will slightly increase the ex-factory price of slices, resulting in a reduction of low-priced slices in the market. The atmosphere for downstream businesses to enter and replenish inventory has improved, with a still reasonable trading atmosphere in the market. Cash price for regular spinning PA6 in Huadong is 10400-10600 RMB/ton, with fast spinning cash price at 11100-11700 RMB/ton for delivery. Cash price for Nanchang is 9700-9800 RMB/ton for pickup.

3production dynamics

The capacity utilization rate of polyamide 6 is 83.34%. Raw material prices saw a slight increase, and the price of regular spun polyamide 6 chips also increased slightly. The profit for regular spun polyamide 6 chips is -50 yuan/ton, while the profit for high-speed spun chips is 90.5 yuan/ton.

4Price Prediction

From a cost perspective, the caprolactam market may continue to consolidate. Currently, PA6 chips are incurring losses and cost pressure remains. Attention should be paid to the subsequent maintenance and production curtailment of raw material suppliers. From a supply and demand perspective, the polymerization plants are operating at over 80%, maintaining high operating rates. Downstream buyers are entering the market to replenish stocks at lower prices, which is boosting market trading activity. Polymerization plants may have a desire to stop losses and slightly increase the ex-factory prices of PA6 chips. It is expected that the PA6 market will see a slight improvement in the near term. Closely monitor downstream demand and price adjustments by manufacturers.