[PA6 Morning Update] PA6 Market Expected to Slightly Weaken and Consolidate in the Near Term

1. Focus Points

1 ） On August 7th, the negative sentiment from OPEC+ production increase continued, coupled with the absence of significant concerns over the US sanction plan, leading to a sixth consecutive drop in international oil prices. NYMEX crude oil futures September contract fell $0.47 to $63.88 per barrel, down 0.73% compared to the previous period; ICE Brent crude futures October contract fell $0.46 to $66.43 per barrel, down 0.69% compared to the previous period. China's INE crude oil futures main contract 2510 rose 0.4 to 499.9 yuan per barrel, but dropped 6.1 to 493.8 yuan per barrel in the night session.

2 ） Sinopec's high-end caprolactam settlement price for July 2025 is 9,060 RMB/ton (liquid premium grade, six-month acceptance, self-pickup), down 660 RMB/ton compared to the June settlement price.

3 Sinopec's pure benzene prices in East China and South China refineries rose by 100 yuan/ton, to be implemented at 6,050 yuan/ton, effective from July 29.

Core logic: Increasing cost pressure but cautious downstream purchasing sentiment; PA6 market is operating in a consolidating manner.

2. Price List Form

3. Market Outlook

The raw material market is operating steadily, butThe downstream sentiment is cautious, maintaining replenishment based on just-in-need, with polymer enterprises experiencing slow or negotiated shipments. It is expected that the PA6 market will undergo a slight and weak adjustment in the near future.