1.focus points

3/21: The market believes that the Asian economy and demand are expected to improve, and the instability in the Middle East still brings potential supply risks, leading to an increase in international oil prices. NYMEXSwitch month 05 contract 68.28 up 0.21 USD/barrel, month-on-month +0.31%; ICE Brent crude futures 05 contract 72.16 up 0.16 USD/barrel, month-on-month +0.22%. China INE crude oil futures main contract 2505 up 9.3 to 531.3 CNY/barrel, night session up 4.4 to 535.7 CNY/barrel.

2) The weekly settlement price of Sinopec's caprolactam is 10,720 yuan/ton (six-month acceptance interest-free), a decrease of 150 yuan/ton from last week.

3) Sinopec's pure benzene prices at East China and South China refineries have been reduced by 100 yuan/ton, to be implemented at 6950 yuan/ton, effective from March 18.

Core logic: Raw materials operate weakly, downstream appropriately priced rigid demand replenishment, PA6 market declines steadily

2.price list

3.data form

4. Market Outlook

The caprolactam raw material market is operating weakly, and the current chip production is at a loss, with cost pressures still existing. However, downstream sentiment is cautious, mainly replenishing stocks at lower suitable prices. Limited demand has led to high inventory levels for polymer enterprises. It is expected that the PA6 market will remain weak and consolidate in the near term.

5. Data Calendar