[PA6 Daily Review] Raw Material Market Firm; PA6 Market Rises

1 Today's Summary

The settlement price of Sinopec's high-end caprolactam for July 2025 is 9,060 yuan/ton (liquid premium grade, six-month acceptance, self pick-up), down 660 yuan/ton compared to the June settlement price.

②、 Sinopec's pure benzene prices at refineries in East China and South China increased by 100 yuan per ton, now set at 6,050 yuan per ton, effective from July 29.

2 Spot Overview

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

Today, the market price of polyamide 6 increased as the supply of raw material caprolactam decreased in some areas, leading to a firm market price. The profit from slices is under pressure due to high costs, prompting polymerization companies to follow suit and raise the price of slices. However, the downstream market sentiment is becoming cautious, resulting in average overall market transactions. In East China, the typical cash short delivery price for regular spinning of PA6 is 9,350-9,750 yuan/ton, while high-speed spinning spot goods are priced at 9,800-10,200 yuan/ton for acceptance delivery. In Chaohu, the cash self-pickup price is 8,700-8,800 yuan/ton.

3 Production dynamics

1 The capacity utilization rate of polyamide 6 is 80.51%.

2 The profit for conventional spinning of polyamide 6 is -225 RMB/ton, and for high-speed spinning, it is -180.25 RMB/ton.

4 Price prediction

From the cost perspective, the caprolactam market is experiencing significant cost and supply pressures, which may lead to continued strong market performance, while pressure on chip costs remains. From the supply and demand perspective, the operating rate of domestic polymerization enterprises is slowly increasing, with plans for new capacity to be introduced, ensuring sufficient supply. However, downstream sentiment is becoming increasingly cautious, and it is expected that the PA6 market will undergo slight adjustments in the near future.

5 "Related product information"

①、 Caprolactam Market: Today, the spot price of caprolactam in East China is 8,950-9,000 yuan/ton, with some offers at 9,050 yuan/ton. Costs remain firm and spot supply is decreasing, so enterprises are maintaining firm offers, while downstream buyers are cautious about following up at high prices.

②、 Nylon Filament Market: The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian areas is 11,600-12,200 yuan/ton. Some offers are slightly higher, driven by low costs, making it difficult for companies to trade at high offer prices. The overall negotiation for nylon yarn is based on just-in-need demand, and the industry is experiencing marginal profits.

6. Data Calendar

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