1) 3/4: The U.S. tariff policy has triggered potential trade dispute risks, coupled with OPEC+ announcing a small production increase from April, leading to a decline in international oil prices. NYMEX crude futures for April fell by $0.11 to $68.26 per barrel, a decrease of -0.16% month-over-month; ICE Brent futures for May dropped by $0.58 to $71.04 per barrel, a decrease of -0.81% month-over-month. China's INE crude futures main contract 2504 fell by 7.7 to 531.5 yuan per barrel, and the night session fell by 12.7 to 518.8 yuan per barrel.
2) Sinopec's caprolactam weekly settlement price is 11,190 yuan/ton (six months interest-free acceptance), a decrease of 420 yuan/ton from last week.
3) Sinopec's benzene prices in East China and South China were reduced by 200 yuan/ton, now at 7,550 yuan/ton, effective from February 26th.
Core Logic: Raw material prices fall, downstream demand limited, PA6 market declines
2.Price List
Unit: yuan/ton
Data Source: Longzhong Information
3.Market Outlook
The market faces multiple negative factors, with upstream benzene and raw material caprolactam markets declining, leading to cautious market sentiment. Downstream enterprises are replenishing inventory at appropriate prices, but polymer enterprises are under pressure to sell, and negotiations for sales continue, though transactions remain average. It is expected that the PA6 market will continue to operate weakly in the near term.
