[pa6 daily review] cost pressure increases, pa6 market rises

1 Today's Summary

①, Sinopec's high-end caprolactam settlement price for July 2025 is 9,060 RMB/ton (liquid premium grade, six-month acceptance, self-pickup), which is a decrease of 660 RMB/ton compared to the June settlement price.

②、 Sinopec's price for pure benzene at refineries in East China and South China has increased by 100 RMB/ton, reaching 6050 RMB/ton, effective from July 29.

2 Spot Overview

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

Today, the polyamide 6 market price has risen, upstreamPure benzene priceThe increase in the cost of raw material caprolactam has led to significant cost pressure, causing market negotiation prices to rise.Aggregated companies raise the ex-factory price of wafers.The downstream selectively replenishes at lower prices, and the market transaction atmosphere is acceptable. In East China, regular spinning PA6 is priced at 9,250-9,550 RMB/ton with short-distance cash delivery, while high-speed spinning spot goods are priced at 9,600-9,900 RMB/ton with acceptance delivery. In Chaohu, the cash self-pickup price is 8,600-8,700 RMB/ton.

3 Production Dynamics

1 The capacity utilization rate of polyamide 6 is 79.46%.

2 The profit for conventional spinning of polyamide 6 chips is -150 RMB/ton, and the profit for high-speed spinning is -351.5 RMB/ton.

4 Price Prediction

From the cost perspective, the caprolactam market may operate firmly, and the cost pressure from chip losses is increasing. From the supply and demand perspective, the operating rate of domestic polymerization enterprises is stable with sufficient supply, and downstream buyers are restocking at lower prices. Polymerization enterprises may maintain firm quotations. It is expected that the PA6 market will show a slight positive adjustment in the near future.

5 Related product information

①、 Caprolactam Market: Some enterprises in East China have quoted caprolactam at 8,900 yuan/ton, with some negotiation intentions at 8,700-8,800 yuan/ton. The market is experiencing a tug-of-war between cost and demand, leading to a stalemate in caprolactam negotiations.

②、 Nylon filament market: The market price of Nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 11,600-12,200 RMB/ton, with some offers slightly higher. Low-cost driving makes it difficult for high-priced transactions, and the overall negotiation for nylon yarn is based on just-in-need demand, with the industry experiencing thin profits.

6. Data Calendar

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