【PA6 Morning Briefing】Polymer enterprises are facing inventory pressure, and it is expected that the PA6 market will continue to operate with a weak consolidation.

1.focus points

3/20: The US continues to strengthen sanctions on Iran, and the instability in the Middle East brings potential supply risks, leading to an increase in international oil prices. NYMEX04 contract 68.26 up 1.10 USD/barrel, month-on-month +1.64%; ICE Brent crude futures 05 contract 72.00 up 1.22 USD/barrel, month-on-month +1.72%. China INE crude oil futures main contract 2505 up 0.6 to 522 CNY/barrel, night session up 12.1 to 534.1 CNY/barrel.

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

3) Sinopec's pure benzene prices at East China and South China refineries 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

3.market outlook

Market多重利空, raw material prices continue to fall with weakened cost support, and downstream sentiment is cautious, mainly replenishing low-demand inventory. Polymer enterprises are under inventory pressure, and it is expected that the PA6 market will operate in a weak consolidation in the near term. 请注意，"Market多重利空"中的“多重利空”直译为英文可能不够自然。如果允许稍作调整以提高流畅度，可以改为 "Multiple negative factors in the market"。根据您的要求，这里保持了直译。

4. Data Calendar