[PA6 Morning Brief] With limited demand for restocking, it is expected that the PA6 market will show a weak and consolidating trend in the near term.

1.Focus

1) 3/3: Concerns that the US tariff hike could weigh on the global economy and demand, coupled with uncertainty over whether OPEC+ will postpone its production increase plan, led to a decline in international oil prices. The NYMEX crude oil futures April contract fell by $1.39 per barrel to $68.37, a decrease of -1.99% from the previous period; the ICE Brent crude futures May contract fell by $1.19 per barrel to $71.62, a decrease of -1.63% from the previous period. China's INE crude oil futures main contract 2504 fell by 3.3 to 539.2 yuan per barrel, and the night session fell by 12.7 to 526.5 yuan per barrel.

2) Sinopec's caprolactam weekly settlement price is 11,190 yuan per ton (six-month acceptance without interest), a decrease of 420 yuan per ton from last week.

3) Sinopec's pure benzene prices at plants in East China and South China have been reduced by 200 yuan per ton, now at 7,550 yuan per ton, effective from February 26.

Core Logic: Raw material prices fall, limited downstream demand, PA6 market declines

2.Price List

3.Market Outlook

With caprolactam continuing to weaken, cost support has diminished, and downstream sentiment is cautious with limited restocking demand. It is expected that the PA6 market will remain weak and consolidate in the near term.

4.Data Calendar