1Today's summary

① Sinopec's high-end caprolactam settlement price in March 2025 was 10,790 yuan per ton (liquid優等品 six-month accepted self-pickup), a decrease of 715 yuan per ton compared to the February settlement price.

② Sinopec pure benzene prices in the East China and South China refineries have been reduced by 350 yuan per ton, now at 6,600 yuan per ton, effective from March 26th.

2Spot Overview

Today, the nylon 6 chip market has risen, with the caprolactam market continuing to rise slightly. The cost of chips has increased, and polymer enterprises are firm in their quotations, but the upstream...The continued decline has led to cautious sentiment downstream, with a focus on purchasing as needed at lower prices, resulting in a weakened market transaction atmosphere. In East China, the conventional spinning price for PA6 is 10,500-10,700 RMB/ton cash for short delivery, while the price for high-speed spinning spot goods is 11,100-11,700 RMB/ton on acceptance for delivery. The price in Chaohu is 9,700-9,800 RMB/ton cash for self-pickup.

3Production Dynamics

The capacity utilization rate of nylon 6 is 82.17%. Raw material prices have slightly increased, resulting in a slight increase in the price of conventional spinning nylon 6 chips. The profit for conventional spinning nylon 6 chips is 25 yuan per ton, while the profit for high-speed spinning is 81.57 yuan per ton.

4Price Prediction

From the cost perspective, the caprolactam market may continue to operate in a range, with strengthened cost support. Attention should be paid to the subsequent maintenance and reduction of load by raw material enterprises. From the supply and demand perspective, Zhejiang Fangyuan will gradually start maintenance from today, and some production lines in Luxi will also undergo maintenance, leading to a reduction in supply. However, the overall market supply remains high. After downstream rigid demand restocking, the market sentiment is cautious, and demand is limited. It is expected that the nylon 6 market will operate with slight adjustments in the near term, with close attention paid to downstream demand and pricing dynamics from manufacturers.

5Product Information

①、Caprolactam market:Today, the spot price for caprolactam in East China is mainly between 9,750 to 9,800 yuan per ton on an accepted basis for delivery. Some caprolactam facilities are under maintenance, reducing low-priced supplies. However, upstream benzene remains weak, and downstream purchases remain cautious.

②、Nylon filament market:In the Jiangsu, Zhejiang, and Fujian regions, the market price for nylon POY 85D/24 is between 12,600 and 14,200 yuan per ton, with some quotations slightly higher. Cost support is insufficient, and the overall discussions for nylon filament are based on just demand. The industry is operating at a slim profit margin, and the market is showing signs of loosening at high levels.

6Data Calendar