1.Focus Points

1) On March 25: The Russia-Ukraine talks continue to advance, but the situation in the Middle East remains uncertain, leading to fluctuations in international oil prices. NYMEX crude oil futures for May fell by $0.11 to $69.00 per barrel, a decrease of 0.16% compared to the previous period; ICE Brent crude futures for May rose by $0.02 to $73.02 per barrel, an increase of 0.03%. The main contract for China's INE crude oil futures for May rose by 4.0 to 537.3 yuan per barrel, with a night session increase of 1.3 to 538.6 yuan per barrel.

Sinopec's high-end caprolactam settlement price for March 2025 is 10,790 yuan/ton (liquid superior grade six-month acceptance for self-pickup), a decrease of 715 yuan/ton compared to the February settlement price.

3) Sinopec下调华东和华南炼厂的纯苯价格100 yuan per ton, now executing at 6950 yuan per ton, effective from March 18th.

Core logic: Raw material prices have risen slightly, downstream has selectively replenished inventory, and the PA6 chip market has seen a slight upward trend.

2.Price List

3.Market Outlook

The raw material caprolactam market is slightly improving, with stronger cost support. Moreover, the entry of downstream buyers purchasing at lower levels is driving market sentiment. Polymerization companies are maintaining their prices, and it is expected that the PA6 market will see a slight improvement in the near term.