1.focus points

3/19: The US EIA inventory data was mixed, and coupled with the Fed's announcement in March to temporarily not cut interest rates, international oil prices ultimately rose slightly. NYMEX crude oil futures 04 contract at 67.16 increased by $0.26 per barrel, up +0.39% month-over-month; ICE Brent crude oil futures 05 contract at 70.78 increased by $0.22 per barrel, up +0.31% month-over-month. China's INE crude oil futures main contract 2505 fell by 2.0 to 521.4 yuan per barrel, and the night session fell by 0.3 to 521.1 yuan per barrel.

2) The weekly settlement price of Sinopec's caprolactam is 10,720 yuan/ton (six-month acceptance with interest-free), a decrease of 150 yuan/ton from last week.

3) Sinopec's pure benzene prices in East China and South China have been reduced by 100 yuan/ton, to be implemented at 6950 yuan/ton, effective from March 18.

Core logic: Raw materials operate weakly, downstream demand is limited, PA6 market declines

2.price list

unit: yuan/ton

3.market outlook

The price of raw material caprolactam continues to fall, and the profit from chip production has already turned into a loss. Cost pressures still exist, but there is no improvement in downstream orders. The market is being watched cautiously, and purchases are made at low levels based on rigid demand. It is expected that the recent market will see negotiations for shipments, and the PA6 market will operate with a weak consolidation.