[PA6 Morning Brief] PA6 Market Expected to Weaken in the Near Term
1. Focus Point
1 ) On October 15, concerns about oversupply risks and demand prospects being suppressed by trade disputes initiated by the United States led to a decline in international oil prices. NYMEX crude oil futures for the November contract fell by $0.43 to $58.27 per barrel, a decrease of 0.73%. ICE Brent crude futures for the December contract dropped by $0.48 to $61.91 per barrel, a decline of 0.77%. China's INE crude oil futures for the 2512 contract fell by 7.6 to 444.9 yuan per barrel, and in the night session, it declined by 1.9 to 443 yuan per barrel.
2 ) Last week's closing price for Sinopec's caprolactam was 8,580 RMB/ton (six-month acceptance, interest-free).
3 Sinopec's listed price for pure benzene is reduced by 100 yuan/ton to 5650 yuan/ton, effective October 14th.
Core logic: Raw material prices are falling, downstream replenishment sentiment is cautious, and demand is limited. The PA6 market is operating weakly.
2. Price List
Unit: Yuan/Ton
|
Product |
Quotation Item |
October 14 |
October 15 |
Rise and fall |
Remarks |
|
NYMEX Crude oil |
USD/barrel |
58.7 |
58.27 |
-0.43 |
11 Contract |
|
ICE Brent oil |
USD/barrel |
62.39 |
61.91 |
-0.48 |
12 Contract |
|
Benzene |
East China Market |
5610-5650 |
5600-5650 |
-10/0 |
Cash pickup |
|
Phenol |
East China Market |
6520-6550 |
6520-6550 |
0/0 |
Cash withdrawal |
|
Cyclohexanone |
Factory price |
6600-6600 |
6550-6600 |
-50/0 |
Cash Ex-Factory |
|
East China Market |
6900-7000 |
6900-7000 |
0/0 |
Cash delivery |
|
|
Caprolactam |
East China Liquid Spot Market |
8300-8300 |
8250-8250 |
-50/-50 |
Acceptance Delivered |
|
Nylon 6 conventional spun slice |
Ex-factory price |
8650-8950 |
8600-8900 |
-50/-50 |
Cash Ex-Factory |
|
Market price |
8850-9100 |
8800-9100 |
-50/0 |
Deliver to East China |
|
|
Polyamide 6 high-speed spinning chips |
East China spot market |
9300-9500 |
9300-9500 |
0/0 |
Acceptance Delivery |
|
Nylon fiber |
POY 85D/24F |
11000-11800 |
11000-11800 |
0/0 |
Acceptance and Self-Pickup |
|
DTY 70D/24F |
13000-14600 |
13000-14600 |
0/0 |
Acceptance for Pickup |
|
|
FDY 70D/24F |
11800-12200 |
11800-12200 |
0/0 |
Acceptance for self-pickup |
|
|
Short fiber 1.5D*38mm |
11000-12000 |
11000-12000 |
0/0 |
Acceptance delivered. |
|
|
Caprolactam |
Sinopec September Settlement |
9080 |
Acceptance and self-pickup |
||
|
Shen Yuan September Settlement |
9200 |
Acceptance for Pick-Up |
|||
|
Sinopec Weekly Settlement Price |
8580 |
Accepted for Self-Pickup |
|||
|
Shen Yuanzhou Listed |
9000/8900/8800 |
Acceptance for Pick-up |
|||
3 Market Outlook
The market price of caprolactam, a raw material, is declining, weakening cost support. Coupled with limited downstream demand and procurement of slices maintaining just the necessary levels, polymerization enterprises are experiencing sluggish sales and may continue to negotiate sales. , The PA6 market is expected to operate weakly in the near term.
4. Data Calendar
|
Data |
Release Date |
Last period data |
Current Trend Forecast |
|
Polyamide 6 polymerization start-up rate |
Thursday 16:00 |
76.04% |
↗ |
|
Conventional Spinning Profit of Polyamide 6 |
Thursday 16:00 |
-110 yuan/ton |
↘ |
|
Conventional Spun Nylon 6 Inventory |
Thursday 16:00 |
7 days |
↗ |
|
1 Consider significant fluctuations as sharp volatility, highlighting data dimensions with changes exceeding 3%. 2 Considered as narrow fluctuations, highlighting data with a range of change within 0-3%. |
|||
Data source: Longzhong Information
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