[pa6 daily review] downstream sentiment cautious with limited demand, pa6 market running weak

1 Today's Summary

①、 The weekly settlement price of Sinopec caprolactam is 9575 yuan/ton (six-month acceptance without interest), with an increase of 160 yuan/ton compared to last month's settlement price.

②、 Sinopec Pure Benzene Refineries in East China and South China The price will increase by 100 yuan/ton to 6050 yuan/ton, effective from July 29.

2 Spot Overview

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

Today, the polyamide 6 market is operating weakly. The price of the raw material caprolactam has decreased, but the profit from chips remains at a loss, and cost pressure persists. The purchasing mentality of enterprises remains cautious, with limited demand. Market negotiation prices tend to be lower, and transactions are limited. The market price for conventional spun PA6 in East China is 9,250-9,650 RMB/ton for short-term cash delivery, and high-speed spun goods are 9,800-10,000 RMB/ton for acceptance delivery. The price in Chaohu is 8,600-8,700 RMB/ton for cash self-pickup.

3 Production Dynamics

1 The capacity utilization rate of polyamide 6 is 79.08%.

2 The conventional spinning profit of polyamide 6 chips is -250 yuan/ton, and the high-speed spinning profit is -588.75 yuan/ton. /ton.

4 Price Forecasting

From the cost perspective, the caprolactam market may experience slight adjustments, with continued cost pressure on chips. In terms of supply and demand, some domestic units are scheduled for short-term maintenance, potentially reducing supply. However, the downstream sentiment remains cautious with just-in-time replenishment. It is expected that the PA6 market will undergo slight weak adjustments in the near term.

5 , Related Product Information

①、 Caprolactam Market: Today's East China Caprolactam price 8900-8950 yuan/ton acceptance delivered, demand side continues to be under pressure, there is resistance in the downward transmission of high raw material prices, caprolactam is slightly weaker and consolidating.

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. The low-cost drive makes it difficult for enterprises to trade at high quotations. The overall negotiation for nylon yarn is based on immediate demand, and the industry is experiencing slight profits.

6. Data Calendar

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