1 Today's Summary

①、Sinopec's weekly settlement price for caprolactam is 10,280 yuan/ton (six-month interest-free acceptance), a decrease of 100 yuan/ton from last week.

Sinopec increased the prices of pure benzene by 150 yuan/ton at refineries in East and South China, implementing 6750 yuan/ton, effective from April 1st.

2 Current Spot Situation

Table 1 Summary of Domestic Polyamide 6 Prices (Unit: Yuan per ton)

Today, the price of regular spinning polyamide 6 chip increased. The supply of raw material caprolactam decreased, causing enterprises to maintain their报价坚挺. This strengthened the cost support for the chip. Polymerization enterprises, with slim profits, raised their ex-factory prices for the chip. However, downstream production enterprises adopted a cautious attitude towards the market, only replenishing stocks at appropriate prices, resulting in limited transactions. Market actual deals were mainly negotiated. . Huadong PA6 conventional spinning ordinary 10650-10950 CNY/ton cash short delivery, high-speed spinning spot 11100-11600 CNY/ton acceptance delivery. Chaohu 9800-9900 CNY/ton cash self-pickup price.

Figure 1 Domestic PA6 Price and Raw Material Price Trend Chart (Unit: RMB/Ton)	Figure 2: Conventional spinning chip of polyamide 6 and its 20-day moving average trend chart (unit: CNY/ton)
Data source: Longzhong Information Group	Data source: Longzhong Information

3 Production Dynamics

The capacity utilization rate of PA6 is 79.90%. Fangming is under maintenance for about 20 days, Zhejiang Fychemical is under maintenance for about 35-45 days, and Shanxi Luliang is shut down.

2) The cost of raw materials has increased, leading to a rise in the price of conventional spinning polyamide 6 chips. The profit for conventional spinning polyamide 6 chips is -25 yuan per ton, while the profit for high-speed spinning is 26.75 yuan per ton.

4 Price prediction

From a cost perspective, the supply of raw material caprolactam has decreased, keeping prices relatively firm, and the pressure on polymerization costs has increased. From a supply and demand perspective, Zhejiang Fangyuan and Fangming have halted for maintenance, and some companies have reduced their loads, leading to a decrease in supply. Downstream industries are mainly replenishing their stocks as needed, and some polymerization companies have seen a reduction in inventory pressure. It is expected that the polyamide 6 market will experience a slight positive adjustment in the near future, with close attention to downstream demand and manufacturers' pricing dynamics.

5 , Related product information

①、 Caprolactam market: Today, the mainstream price of caprolactam in East China is 9,950-10,000 yuan/ton, delivered on acceptance. After a reduction in caprolactam supply, prices continue to rise, with downstream purchases mainly based on demand.

②、 Nylon filament market: The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions ranges from 12,300 to 13,600 yuan/ton, with some offers slightly higher. Insufficient cost support has led to overall rigid demand in negotiations for nylon filament, with the industry operating on thin profits. The market has seen a slight loosening at high levels.

6 , Data Calendar

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