[PA6 Morning Alert] PA6 Market Expected to See Slight Fluctuations in the Near Term

1. Focus points

1 ） On August 12th, the market continued to focus on the meeting between the leaders of the U.S. and Russia, with hopes for further easing of geopolitical tensions, leading to a decline in international oil prices. NYMEX crude oil futures September contract closed at $63.17 per barrel, down $0.79, a decrease of 1.24% on a weekly basis; ICE Brent crude futures October contract closed at $66.12 per barrel, down $0.51, a decrease of 0.77% on a weekly basis. China's INE crude oil futures 2510 contract rose by 2.5 to 492.6 yuan per barrel, but fell by 1.8 to 490.8 yuan per barrel during the night session.

2 ） The weekly settlement price of Sinopec caprolactam is 9,575 RMB/ton (six-month acceptance without interest), with a review of last month’s settlement price at 160 RMB/ton.

3 Sinopec has increased the price of pure benzene by 100 yuan/ton at refineries in East and South China, now priced at 6,150 yuan/ton, effective from August 12.

Core logic: Cost pressures persist, but downstream purchasing sentiment is cautious; PA6 market is weak and consolidating.

2. Price List

3 . Market Outlook

The current pressure on slice costs still exists, butDownstream purchasing sentiment is cautious, mainly replenishing based on low prices and rigid demand. Market transactions involve much negotiation. It is expected that the PA6 market will undergo a slight consolidation in the near term.