[pa6 daily review] limited downstream demand, pa6 market runs weak

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 and self-pickup), an increase of 270 yuan/ton compared to the settlement price in July.

②、 Sinopec has reduced the price of pure benzene by 100 yuan/ton at refineries in East and South China, setting the new price at 5,900 yuan/ton, effective from September 4.

2 Spot Overview

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

The polyamide 6 market is operating weakly today. The raw material market is consolidating at low levels, and cost pressure from chip losses persists. However, downstream purchasing sentiment remains cautious, primarily focusing on low-priced, just-needed replenishments. Market transactions are average, with actual transactions subject to negotiation. Conventional spinning PA6 in the east is priced at 9150-9450 RMB/ton with short-distance cash delivery, and high-speed spinning spot is priced at 9600-9900 RMB/ton with acceptance delivery. Chaohu is priced at 8550-8650 RMB/ton for cash self-pickup.

3 Production Status

1 The capacity utilization rate of polyamide 6 is 77.11%.

2 The profit for conventional spinning of polyamide 6 is -75 yuan/ton, and for high-speed spinning, it is -377 yuan/ton. /ton.

4 Price prediction

From the cost perspective, the caprolactam market is operating at low levels, and the pressure from costs remains due to losses in slice profits. From the supply and demand perspective, the release of new production capacity and maintenance coexist, and domestic supply is expected to remain stable. However, downstream demand may be limited as purchases are mainly made on a need-basis at lower prices. It is expected that the PA6 market will see slight adjustments in the near future.

5 , related product information

①、 Caprolactam Market: Today's East China Caprolactam price The caprolactam market is stabilizing at a low level, with prices mainly remaining stable around 8650 yuan/ton for acceptance delivery.

②、 Nylon filament market: The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 11,500-12,500 yuan/ton. Some quotations are slightly higher, driven by costs, but high-level quotations face trading difficulties. The overall discussion of nylon yarn is based on just-in-time demand, with the industry experiencing minimal profit margins.

6. Data Calendar

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