【PA6 Morning Update】The caprolactam market is slightly improving, and the PA6 market is operating with slight adjustments.

1.Focus Points

On March 26, U.S. crude oil and refined product inventories decreased, coupled with instability in geopolitical situations, leading to an increase in international oil prices.Crude oil futuresThe May contract for WTI crude oil rose by $0.65 to $69.65 per barrel, an increase of 0.94%; the ICE Brent crude oil futures May contract rose by $0.77 to $73.79 per barrel, an increase of 1.05%. The main contract for China's INE crude oil futures, 2505, rose by 2.1 to 539.4 yuan per barrel, and in the night session, it rose by 3.5 to 542.9 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.

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

Core logic: Raw material prices have slightly risen, downstream is cautiously restocking, and the PA6 chip market is slightly up.

2.Price List

3.Market Outlook

The caprolactam market is slightly improving, with stronger cost support. However, after the downstream's cautious replenishment at lower prices, market sentiment remains cautious, leading to limited transactions. It is expected that the PA6 market will experience slight adjustments in the near term.

4. Data Calendar