[PA6 Daily Review] Market Trading Atmosphere Average, PA6 Market Weakly Operates

1 Today's Summary

①、 The weekly settlement price for Sinopec caprolactam last week was 8,580 yuan/ton (six-month acceptance without interest).

②、 Sinopec's listed price for pure benzene has been reduced by 100 yuan per ton to 5,650 yuan per ton, effective October 14.

2 Spot Overview

Today, the nylon 6 market is operating weakly, with a continued bearish atmosphere in the market. Raw material prices are consolidating at low levels, providing limited cost support. The downstream demand mainly focuses on replenishing based on essential needs at lower prices, with limited demand overall. The market transactions are generally average, and actual deals are negotiated. The conventional spinning of PA6 in East China is priced at 8,700-9,100 RMB/ton with short cash delivery, and high-speed spinning spot goods are priced at 9,200-9,500 RMB/ton with acceptance delivery. In Chaohu, the cash self-pickup price is 8,050-8,150 RMB/ton.

3 Production Dynamics

1 The capacity utilization rate of polyamide 6 is 79.86%.

2 The profit for conventional spun polyamide 6 chips is -100 yuan/ton, while the profit for high-speed spinning is -264.5 yuan. /ton.

4 Price prediction

From the cost perspective, the caprolactam market is operating weakly, leading to a weakened expectation for cost support. From the supply-demand perspective, domestic polymerization enterprises are operating steadily, with Guangxi Hengyi continuing production, resulting in an anticipated increase in domestic supply. However, downstream terminal orders are generally limited in demand, suggesting that the PA6 market is expected to undergo low-level consolidation in the near future.

5 Related Product Information

①、 Caprolactam Market: Today The price of caprolactam in East China is 8,250 yuan/ton, accepted and delivered, unchanged from the previous trading day. The caprolactam market is consolidating at low levels, with reduced trading activity as the weekend approaches, and the market is primarily in a wait-and-see mode. 。

②、 Nylon filament market: The market price for nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 11,000-11,800 RMB/ton. Cost-driven decline. Some offers are slightly higher, and companies are having difficulty trading at high prices. The overall conversation for nylon yarn is based on just-in-time demand, with the industry operating at low margins.

6. Data Calendar

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