[pa6 daily review] favorable factors support pa6 market, continuing to rise

1 Today's Summary

①、 Sinopec's high-end caprolactam settlement price for January 2026 is 9770 RMB/ton (liquid superior grade, six-month acceptance draft, self-pickup), a decrease of 115 RMB/ton compared to the December settlement price.

②、 Sinopec East China, South China, and Central China refineries raised their benzene price by RMB 150/ton to RMB 5900/ton, effective January 23rd.

2 Spot Overview

Today, the polyamide 6 market continued its upward trend. The price of raw material caprolactam rose, and the cost pressure of chip losses was relatively high. Polymerization companies continued to raise chip prices, but downstream players became increasingly cautious in following up with high-priced chips. Some transactions in the market were still acceptable. Currently, East China PA6 conventional spinning ordinary is at 9800-10300 yuan/ton cash short delivery, and high-speed spinning spot is at 10500-10700 yuan/ton acceptance delivered.

Figure 1 Weekly price trend chart of polyamide 6 in China (Unit: Yuan/Ton)	Figure 2 Domestic Polyamide 6 and Raw Material Price Trend Chart (Unit: Yuan/Ton)
Data source: Longzhong Information	Data source: Longzhong Information

3 Production dynamics

1 ==The capacity utilization rate of polyamide 6 was 69.18%.

2 ) The profit of conventional spinning chips of Polyamide 6 is -250 RMB/ton, and the profit of high-speed spinning is -180 RMB/ton. tons.

4 Price prediction

The caprolactam raw material market is running at a high level, leading to significant cost pressure. Domestic polymerization operating rates remain relatively stable, with ample supply. Some polymerization companies are pre-selling, but downstream manufacturers are cautious about following up on high-priced chips, opting to replenish inventory at lower prices. Outlook: The PA6 chip market is expected to remain firm in the short term.

5 Related product information

①、 Caprolactam Market Today The East China caprolactam market price is 9500 RMB/ton, up 75 RMB/ton from the previous working day. The caprolactam market is supported by cost and supply, sellers' intended prices have increased, downstream follows up slightly, and negotiations are slightly deadlocked.

②、 Nylon Filament Market In the Jiangsu, Zhejiang, and Fujian regions, the market price for Nylon POY 85D/24 is RMB 11,300-12,500/ton, with some higher offers. Negotiations are flexible, and lower-priced goods are available in the market. With firm costs, prices are fluctuating within a range. Overall, nylon filament business is mainly conducted through negotiation with replenishment based on essential demand, and the industry operates with thin profit margins.

6. Data Calendar

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