1today's summary

①、The weekly settlement price of Sinopec's caprolactam is 10720 yuan/ton (six months acceptance interest-free), a decrease of 150 yuan/ton from last week.

②, Sinopec's pure benzene prices in East China and South China have been reduced by 100 yuan/ton, now implemented at 6950 yuan/ton, effective from March 18.

2spot overview

Table 1 Domestic Polyamide 6 Price Summary (Unit: yuan/ton)

Today, the polyamide 6 chip market continues to decline, with a weak market atmosphere persisting. The raw material caprolactam market is at a low level of consolidation, but downstream production enterprises are choosing to replenish stocks at lower prices, with overall demand being limited. Market transaction prices tend to be lower, leading to industry profit losses and market pressure. In East China, the cash price for regular spinning ordinary PA6 is 10300-10600 yuan/ton (short delivery), and the acceptance-delivered price for high-speed spinning spot is 11300-11800 yuan/ton. The self-pickup cash price in Chaohu is 9550-9650 yuan/ton.

3production dynamics

The capacity utilization rate of polyamide 6 is 84.24%. The price of raw materials is stable, the price of conventional spinning chips of polyamide 6 has decreased, the profit of conventional spinning chips of polyamide 6 is -150 yuan/ton, and the profit of high-speed spinning is 2 yuan/ton.

4price prediction

From the cost perspective, the raw material caprolactam market is at a low level, with attention to the subsequent maintenance and load reduction of raw material enterprises; from the supply and demand perspective, some polymerization enterprises still have inventory pressure, and some enterprises have later maintenance plans, but the overall downstream mentality is cautious. It is expected that the recent polyamide 6 market will be weakly adjusted, closely monitoring the downstream demand and manufacturer price adjustment dynamics.

5related product situation

①、Caprolactam market:Today, the mainstream spot price of caprolactam in East China is around 9800 yuan/ton on delivery, with limited market support, and prices are mainly consolidating at low levels.

②、Nylon filament yarn market:The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 12600-14200 yuan/ton, with some offers slightly higher. Cost support is insufficient, and overall negotiations for nylon filament are based on rigid demand. The industry is marginally profitable, and the high end of the market is showing signs of easing.