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[PA6 Daily Review] Down 50! Downstream demand falls short of expectations, and it is projected that the PA6 market will operate on a weaker trend.

Longzhong 2025-03-04 18:06:29

1、Today's Summary

①. The weekly settlement price of Sinopec's caprolactam is 11,190 yuan/ton (six-month acceptance at no interest), a decrease of 420 yuan/ton from last week.

②. The prices of pure benzene in East China and South China by Sinopec have been reduced by 150 yuan/ton, now set at 7,400 yuan/ton, effective from March 4th.

2、Spot Overview

The market for polyamide 6 chips is weak today, with the upstream markets of pure benzene and caprolactam showing a significant decline. Market sentiment is cautious, and downstream demand for just-in-time replenishment is limited. Polymer enterprises are mostly negotiating sales, and market transactions are average. In East China, the cash price for regular spinning ordinary PA6 chips ranges from 11,150 to 11,550 yuan/ton for short delivery, while the price for high-speed spinning chips on credit delivery is between 12,000 and 12,500 yuan/ton. The self-pickup cash price in Chaohu is 10,350 to 10,450 yuan/ton.

3、Production Dynamics

The capacity utilization rate of polyamide 6 is 86.58%. With the decline in raw material prices, the price of regular spinning polyamide 6 chips has fallen. The profit margin for regular spinning polyamide 6 chips is 200 yuan/ton, and for high-speed spinning, it is 204 yuan/ton.

4、Price Forecast

From a cost perspective, the support from the upstream markets of pure benzene and caprolactam has weakened due to their decline. From a supply and demand perspective, downstream demand is below expectations, mainly relying on inventory consumption, resulting in limited overall demand. Polymer enterprises have more inventory and are negotiating sales. It is expected that the polyamide 6 market will operate weakly in the near term. Close attention should be paid to the dynamics of downstream demand and vendor price adjustments.

5、Related Product Situation

①. Caprolactam Market: Today, the spot price of caprolactam in East China is 10,300 to 10,400 yuan/ton on credit.

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[PA6 Daily Review] Down 50! Downstream demand falls short of expectations, and it is projected that the PA6 market will operate on a weaker trend.

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