[PA6 Morning Brief] PA6 Market Expected to Run with Minor Adjustments in the Near Term

1. Focus

1 ） On September 2nd, the ongoing Russia-Ukraine conflict has brought potential supply risks, coupled with the continuation of U.S. sanctions on certain oil-producing countries, leading to an increase in international oil prices. NYMEX crude oil futures for the October contract rose by $1.58 per barrel to $65.59, a 2.47% increase compared to the previous period; ICE Brent crude futures for the November contract rose by $0.99 per barrel to $69.14, a 1.45% increase compared to the previous period. China's INE crude oil futures for the 2510 contract rose by 6.2 to 489.8 yuan per barrel, with the night session rising by 5.6 to 495.4 yuan per barrel.

2 ） Sinopec's high-end caprolactam settlement price for August 2025 is 9,330 RMB/ton (liquid superior grade, six-month acceptance self-pickup), up 270 RMB/ton compared to the July settlement price.

3 Sinopec has reduced the prices of pure benzene at refineries in East and South China by 150 yuan/ton, implementing a new price of 6,000 yuan/ton, effective from August 27.

Core logic: Raw material prices have declined, but cost pressures persist. The PA6 market is operating in a consolidation phase.

2. Price List

3.Market Outlook

The price of raw material caprolactam has declined, and although the loss and cost pressure on chips remain, downstream demand is limited. Purchasing sentiment remains cautious, and market transactions are average. It is expected that the PA6 market will undergo slight consolidation in the near term.

4. Data Calendar