【PA6 Weekly Outlook】Downstream cautious restocking leads to limited overall demand, with PA6 market expected to see slight consolidation in the near term.

1. Focus Areas

1) On March 28, the market was concerned that the United States imposing additional tariffs would increase trade risks, potentially leading to a global economic recession, causing international oil prices to fall. NYMEX crude oil futures contract 05 fell by $0.56 per barrel to $69.36, a decrease of -0.80%; ICE Brent crude oil futures contract 05 fell by $0.40 per barrel to $73.63, a decrease of -0.54%. China's INE crude oil futures main contract 2505 fell by 1.7 to 541.7 yuan per barrel, with the overnight session falling by 3.7 to 538 yuan per barrel.

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

) Sinopec下调华东和华南各炼厂的纯苯价格350元/吨，执行价格为6600元/吨，价格自3月26日起生效。

Core Logic: Raw material market operates in an organized manner. Polymer companies maintain firm quotes. PA6 chip prices experience minor adjustments.

2. Price List

Unit: yuan/ton

3. Data Form

4. Market Outlook

The market for raw material caprolactam has seen a slight increase with rising cost support. Some polymerization companies have gradually halted production, leading to an overall reduction in market supply. However, downstream cautious restocking has resulted in limited overall demand. It is expected that the PA6 market will experience slight consolidation in the near term.

5. Data Calendar