[pa6 daily review] downstream selects low demand for restocking, pa6 market adjusts and operates

1 Today's Summary

①、 Sinopec's high-end caprolactam settlement price for September 2025 is 9,080 yuan/ton (liquid premium grade, six-month acceptance, self-pickup), down 250 yuan/ton compared to the August settlement price.

②、 Sinopec East China has lowered the listed price of pure benzene by 150 yuan/ton to 5,750 yuan/ton, effective from September 30.

2 Spot Overview

Today, the nylon 6 market is slightly weaker and is operating in a consolidation phase. The decline in raw material prices has weakened cost support. Downstream moderately restocks on a just-needed basis when prices are low, with some low-priced slices seeing fair transactions and actual deals being negotiated. The regular spinning of Dong PA6 is priced at 8,900-9,300 RMB/ton with short cash delivery, and the spot price for high-speed spinning is 9,300-9,700 RMB/ton with acceptance delivery. The price in Chaohu is 8,350-8,450 RMB/ton with cash self-pickup.

3 Production Status

The capacity utilization rate of polyamide 6 is 79.53%.

2 The profit for conventional spinning of polyamide 6 chips is 0 yuan/ton, while the profit for high-speed spinning is -455.3 yuan. /ton.

4 Price prediction

From the cost perspective, the caprolactam market is expected to operate slightly weaker, with reduced cost support. In terms of supply and demand, as Guangxi Hengyi gradually starts production, supply is expected to increase. However, downstream cautious procurement may appear after meeting just-in-time demand. It is anticipated that the PA6 market will undergo slight adjustments in the near term.

5 Relevant Product Information

①、 Caprolactam Market: Today The price of the East China caprolactam market is 8,300 yuan/ton, acceptance and delivery included, which is a decrease of 50 yuan/ton compared to the previous trading day. The cost support in the caprolactam market is weak, and the price of downstream PA6 chips is trending lower. Polymer companies remain cautious in their raw material procurement, focusing mainly on low-priced, just-in-need purchases. The focal point of caprolactam spot transactions has slightly declined.

②、 Nylon filament market: The market price of nylon POY85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 11,200-12,300 RMB/ton. Cost-driven Some offers are slightly higher, with enterprises finding it difficult to trade at high levels. Nylon yarn overall discussions are focused on just meeting essential needs, with the industry experiencing slim profits.

6. Data Calendar

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