1today's summary

①、The weekly settlement price of Sinopec's caprolactam is 10,380 yuan/ton (six-month acceptance interest-free), a decrease of 340 yuan/ton from last week.

②, Sinopec pure benzene prices in East China and South China refineries were reduced by 100 yuan/ton, to be implemented at 6950 yuan/ton, effective from March 18.

2spot overview

Table 1 Domestic Polyamide 6 Price Summary (Unit: Yuan/Ton)

Today's polyamide 6 chip market has stabilized, with the price of caprolactam, the raw material, continuing to fall. However, as chips are currently being sold at a loss, polymer enterprises are not keen on selling at low prices. Some chips have seen a slight increase in price, but overall downstream demand is limited, and purchases are made based on need, choosing lower prices. Some low-priced chips have seen improved transactions. In East China, the cash price for conventional spinning regular PA6 is 10300-10600 yuan/ton (short delivery), and the acceptance price for high-speed spinning is 11300-11800 yuan/ton (delivery included). The cash self-pickup price in Chaohu is 9600-9700 yuan/ton.

3production dynamics

The capacity utilization rate of polyamide 6 is 83.34%. The price of raw materials has fallen, and the price of conventional spinning chips of polyamide 6 remains stable. The profit for conventional spinning chips of polyamide 6 is -75 yuan/ton, and the profit for high-speed spinning is 249.25 yuan/ton.

4price prediction

From the cost perspective, the raw material caprolactam market is low or may continue to be at a low level, with attention to the subsequent maintenance and load reduction of raw material enterprises; from the supply and demand perspective, polymerization enterprises maintain high levels of operation, some enterprises undergo maintenance and load reduction to alleviate inventory pressure, but downstream buyers are cautious in choosing to replenish stocks at lower prices. It is expected that the recent polyamide 6 market will be in a consolidation phase, closely monitoring downstream demand and manufacturer price adjustment dynamics.

5related product situation

①、caprolactam market:Today, the mainstream spot price of caprolactam in East China is 9700-9750 yuan/ton with acceptance delivery. At the beginning of the week, there are fewer new orders in the market. The trading atmosphere for PA6 chips at low levels has improved somewhat, and the caprolactam market is mainly in a wait-and-see mode.

②、Nylon filament market:The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 12600-14200 yuan/ton, with some offers slightly higher. The cost support is insufficient, and the overall negotiation for nylon filament is based on rigid demand. The industry has a slight profit, and the high-end market is showing signs of easing.