1.Focus Points

1) March 24: The US plans to strengthen sanctions on oil-producing countries such as Venezuela, increasing potential supply risks, leading to an increase in international oil prices. NYMEX- The 05 Crude Oil contract increased by 0.83 USD/barrel, up 1.22%; the ICE Brent Crude Oil futures 05 contract rose by 0.84 USD/barrel, up 1.16%. The main contract of China's INE Crude Oil futures 2505 increased to 533.3 CNY/barrel, with an intraday rise of 5.5 to 538.8 CNY/barrel.

The weekly closing price of Sinopec caprolactam is 10,380 yuan/ton (six-month acceptance at no interest), a decrease of 340 yuan/ton compared to last week.

3）East China and South China refineries of Sinopec reduce the price of pure benzene by 100 RMB per ton, effective March 18, selling at 6950 RMB per ton.

Core Logic: Raw material weak operation downstream price adjustment repletion PA6 market adjustment operation

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3.Market Outlook

Raw materialsDeclining prices, weakening cost support, but downstream market entry remains price-appropriate to replenish inventory, market trading sentiment improving, and polycarbonate sheet profit margins experiencing losses, leading to low willingness among aggregators to increase output; expect near-term PA6 market to see a consolidation period.

4. Data Calendar