【PA6 Morning Tip】With relatively strong cost support, the PA6 market is expected to undergo a minor adjustment in the near term.
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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