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【PA6 Morning Tip】With relatively strong cost support, the PA6 market is expected to undergo a minor adjustment in the near term.
Longzhong 2025-04-01 08:20:04

1. Focus Point

1 On March 31, the U.S. indicated that it has not ruled out the option of taking military action against Iran, raising market concerns about potential supply risks, which boosted international oil prices. NYMEXCrude oil futuresThe 05 contract rose by $2.12/barrel to 71.48, up 3.06% from the previous period; the ICE Brent crude oil futures 05 contract rose by $1.11/barrel to 74.74, up 1.51% from the previous period. China's INE crude oil futures主力contract 2505 fell by 4.3 to 537.4 yuan/barrel, and the night session rose by 16.5 to 553.9 yuan/barrel.

2 Sinopec's caprolactam weekly settlement price was 10,280 yuan/ton (six-month acceptance bill interest-free), down 100 yuan/ton from the previous week.

3 Sinopec has reduced the price of pure benzene by 350 yuan/ton at its refineries in East China and South China, implementing a price of 6,600 yuan/ton, effective from March 26.

Core logic: The raw material market is consolidating, with polymer enterprises maintaining firm quotes. The PA6 chip market is also consolidating.

2. Price Form

Unit: yuan/ton

Product

Quotation Item

3 May 28

3 March 31 day

Rise and fall

Note

NYMEX crude oil

USD/barrel

69.36

71.48

+2.12

05 Contract

ICE Brent crude

USD/barrel

73.63

74.74

+1.11

05 Contract

Benzene

East China Market

6770-6830

6720-6800

-50/-30

Cash pick-up

Phenol

East China Market

7200-7250

7200-7250

0/0

Cash Withdrawal

Cyclohexanone

Factory price

7900-8100

7900-8100

0/0

Cash out

East China Market

8250-8350

8200-8300

-50/-50

Cash delivered

Caprolactam

East China Liquid Spot

9800-9800

9800-9850

0/+50

Acceptance delivered

Conventional spun slice of polyamide 6

Factory Price

10300-10600

10300-10600

0/0

cash out of the factory

market price

10500-10800

10500-10800

0/0

Delivered to East China

Polyamide 6 High-Speed Spinning Chips

East China Spot

11100-11700

11100-11700

0/0

Acceptance delivered

Nylon fiber

POY 85D/24F

12600-14000

12600-13500

0/-500

Acceptance and Self-Pickup

DTY 70D/24F

14600-16800

14600-16300

0/-500

Pick-up after acceptance

FDY 70D/24F

14300-14700

14200-14500

-100/-200

Acceptance and Self-Pickup

Short fiber 1.5D*38mm

12800-13800

12800-13800

0/0

Acceptance delivery

Caprolactam

Sinopec March Settlement

10790

Acceptance self-pickup

Shen Yuan March Settlement

10800

Pick up and accept delivery

Sinopec weekly settlement price

10280

Pick up after acceptance

Shen Yuanzhou listed

10500

Acceptance self-pickup

 

Note:

1 Caprolactam in East China is supplied as liquid and meets the national standard premium grade.

2 FOB Korea is in USD/ton, while other varieties are priced in RMB, unit: yuan/ton.

3 The above table lists the prices in RMB for cash on delivery, acceptance self-pickup, acceptance delivery, and cash delivery.

4 The two-period prices are the point-in-time prices from the two previous working days before this week, not the weekly average price.

5 The rise and fall is the change value of the rise and fall.

Data source:Luongzhong Information

3. Market Outlook

Market participants are cautiously observing the market. The slight increase in raw material prices has provided some support to costs. Some polymer enterprises have maintained firm quotations. However, downstream customers are digesting their previous inventory and are cautious about restocking. It is expected that the PA6 market will experience a slight adjustment in the near term.

4. Data Calendar

Data

Release Date

Last period's data

This Period's Trend Forecast

Polyamide 6 Polymerization Operating Rate

Thursday 16:00

83.53%

Profit of conventional spinning for polyamide 6

Thursday 16:00

-45 yuan/ton

Conventional spinning polyamide 6 inventory

Thursday at 16:00

13.5 days

1 , ↓↑ indicate significant fluctuations, highlighting data with changes exceeding 3%.

2 ↗↘ is considered as narrow fluctuations, highlighting data with price changes within 0-3%.

Data Source: Longzhong

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