Polyamide 6 Daily Review: Downstream Buyers Follow Demand, Market Nears Flat Fluctuation

1 Today's Summary

①、 Sinopec caprolactam weekly closing price was 13030 yuan/ton (six-month acceptance without interest), an increase of 1700 yuan/ton from the previous period.

②、 Sinopec's pure benzene prices at East China, South China, and Central China refineries are increased by 400 yuan/ton, effective at 8400 yuan/ton from March 12.

2 Spot Market Overview

Table 1 Domestic Polyamide 6 Price Summary Table (Unit: RMB/ton)

Data source: Lengzhong Information

Costs remain in a high-range consolidation, prompting some polymer producers to raise their ex-works prices. However, terminal market demand remains sluggish, leading downstream factories to purchase raw materials strictly on a need-to-basis. Currently, in East China, standard-grade PA6 for conventional spinning trades at RMB 13,400–13,500/ton on a cash, short-delivery basis, while high-speed spinning grade is priced at RMB 13,700–13,900/ton on a bill-of-exchange, delivered basis.

Figure 1 Domestic Polyamide 6 Weekly Price Trend Chart (Unit: CNY/ton)	Figure 2 Domestic Polyamide 6 and Raw Material Price Trend Chart (Unit: RMB/ton)
Data source: Longzhong Information	Data source: Longzhong Information

3 Production Dynamics

1) The capacity utilization rate of Nylon 6 is 71.42%.

Polyamide 6 conventional spinning chip profit is 250 yuan/ton, high-speed spinning profit is -115 yuan/ton. Ton.

4 Price Forecast

Order follow-up in the terminal market is slow, and market demand for raw materials is mostly just-in-time procurement. Although caprolactam prices remain firm, polymer producers’ adoption of high-priced raw materials is limited. It is expected that the PA6 market will mostly show a range-bound fluctuation in the near term.

5 Related Product Information

Caprolactam ： Today The price of caprolactam in East China is 12,400 RMB/ton, delivered by acceptance bill, stable compared to the previous working day. Some sellers quoted 12,600 RMB/ton. High-priced transactions of PA6 chips are not active. Polymerization companies have weak motivation to purchase high-priced raw materials, leading to a standoff in spot negotiations for caprolactam.

② Polyester filament: The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 15200-16300 yuan/ton, with some higher quotes. Negotiations are flexible, and costs are fluctuating. The price negotiation focus is within a fluctuating range. Overall, the nylon filament market is mainly characterized by negotiation-based transactions, with purchases made to meet essential needs. The industry is marginally profitable.

6. Data Calendar

Table 2 Domestic Polyamide 6 Data Overview (Unit: 10,000 tons, yuan/ton, days)