[PA6 Weekly Outlook] PA6 Market Expected to Run Slightly Weak Amid Limited Demand

1. Focus points

1 ） On September 5th, the market continued to focus on the upcoming OPEC+ meeting this Sunday, with concerns about the potential introduction of a new production increase plan, leading to a drop in international oil prices. NYMEX crude oil futures for the October contract fell by $1.61 per barrel to $61.87, a decrease of 2.54% compared to the previous period. ICE Brent crude oil futures for the November contract fell by $1.49 per barrel to $65.50, a decrease of 2.22% compared to the previous period. China's INE crude oil futures for the 2510 contract fell by 1.3 to 482.3 yuan per barrel, with the night session dropping 10.4 to 471.9 yuan per barrel.

2 ） The weekly settlement price of Sinopec caprolactam this week is 9,120 yuan/ton (six-month acceptance bill, interest-free).

3 Sinopec has reduced the price of pure benzene by 100 RMB/ton at refineries in East and South China, setting the price at 5900 RMB/ton, effective from September 4th.

Core logic: The raw material market is consolidating at a low level and downstream demand is limited, so the PA6 market is weakly consolidating.

2. Price List

Unit: yuan/ton

3 . Data Form

4. Market Outlook

Recently, the market has been characterized by a tug-of-war between bulls and bears, with the raw material caprolactam market consolidating at a low level. Coupled with cautious purchasing from downstream buyers, it is expected that the PA6 market will experience a slight weak consolidation this week due to limited demand impact.