[PA6 Morning Update] PA6 Market Expected to Trade Sideways in the Near Term

1. Focus

1 ） On August 28th, the instability of the Russia-Ukraine situation persists, coupled with continued support from the traditional peak season of fuel consumption in the United States, leading to a rise in international oil prices. NYMEX crude oil futures for the October contract closed at $64.60 per barrel, up $0.45, a week-on-week increase of 0.70%. ICE Brent crude oil futures for the October contract closed at $68.62 per barrel, up $0.57, a week-on-week increase of 0.84%. China's INE crude oil futures for the October 2510 contract fell by 5.3 yuan to 481.1 yuan per barrel, then rose by 5.5 yuan to 486.6 yuan per barrel in the night session.

2 ） The settlement price of Sinopec's high-end caprolactam for August 2025 is 9,330 yuan/ton (liquid premium grade, six-month acceptance, self-pickup), an increase of 270 yuan/ton compared to the July settlement price.

3 Sinopec's pure benzene prices in East China and South China refineries have been reduced by 150 yuan/ton, now set at 6,000 yuan/ton, effective from August 27.

Core logic: Cost pressures persist, but downstream purchasing sentiment remains cautious. The PA6 market operates in a consolidated manner.

2. Price List

Unit: Yuan/Ton

3 . Market Outlook

The market is in a stalemate and consolidation phase, with the price of raw material caprolactam temporarily stable. However, there is still cost pressure due to losses in chip profits, and downstream buyers are cautious about restocking, resulting in limited demand. It is expected that the PA6 market will undergo consolidation in the near future.