[pa6 daily review] downstream replenishes selectively at low levels, pa6 market operates steadily

1 Today's Summary

①、 The settlement price for Sinopec's high-end caprolactam in August 2025 is 9,330 yuan/ton (liquid premium grade with six-month acceptance for self-pickup), an increase of 270 yuan/ton compared to the July settlement price.

②、 Sinopec has increased the price of pure benzene by 100 RMB/ton at refineries in East and South China, setting it at 6,150 RMB/ton, effective from August 12.

2 Spot Overview

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

Today, the polyamide 6 market is operating steadily. The cost pressure from losses in slice profits remains, and polymerization enterprises are quoting prices according to market trends. Meanwhile, downstream buyers are primarily replenishing stocks based on demand and opting for lower-priced options. In the market, transactions are being negotiated. The regular spinning PA6 in East China is priced at 9200-9600 yuan/ton cash short delivery, and the high-speed spinning spot price is 9800-10000 yuan/ton acceptance delivered. The self-pickup price in Chaohu is 8550-8650 yuan/ton in cash.

3 Production Dynamics

1 The capacity utilization rate of polyamide 6 is 74.68%.

2 The profit for conventional spinning of polyamide 6 chips is -150 yuan/ton, and the profit for high-speed spinning is -312 yuan/ton. /ton.

4 Price Forecast

From the cost perspective, the caprolactam market is operating steadily, with slice profits at a loss and cost pressures persisting. From the supply and demand perspective, the market supply is decreasing, and there are plans for enterprises to reduce production in the future. However, downstream demand is likely to be limited, with buyers primarily replenishing as needed and at lower prices. It is expected that the PA6 market will see minor adjustments in the near term.

5 Related product information

①、 Caprolactam Market: Today's East China Caprolactam price 8,750 yuan/ton delivered with acceptance; some offers are slightly higher, but downstream purchasing is cautious, and high prices currently lack buying follow-up.

②、 Nylon Filament Market: In the Jiangsu, Zhejiang, and Fujian regions, the market price of nylon POY85D/24 is between 11,500-12,500 yuan/ton, with some offers slightly higher. Driven by costs, companies find it challenging to trade at high offers. The overall negotiation for nylon yarn is based on just-in-need, and the industry is experiencing marginal profits.

6. Data Calendar

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