Price trends:

According to the data from the business associations’list, the domestic PA6 market has been steadily declining in early August. Traders’ mainstream offer price of 2.75-2.85 for Sino-Viscose is about 13933.33 yuan/ton, which is 0.48% lower than that at the beginning of the month.

2. Analysis of influencing factors:

Last month, there were more parking and maintenance devices in caprolactam factories, the spot supply in the market was tight, and the price was rising steadily. Towards the end of the month, the start-up rate has increased, the spot supply in the market has improved, and the support of supply and demand has weakened. In addition, demand was weak at the beginning of August, and the stock-up enthusiasm of the downstream slice Market was not high, and on-site delivery was light. Recently, caprolactam has fallen steadily and slightly. The weakening of caprolactam has reduced the support for PA6 cost. This month, the domestic PA6 market trend is the same as that of upstream caprolactam, showing a steady decline. And the spot supply is sufficient, downstream demand follow-up is more negative, maintain just needed procurement. Domestic businessmen lack confidence in the future market, mostly for flexible single, wait-and-see mood dominates. Chip factories and traders have greater resistance to single-handedness and are in a difficult situation.

3. Future market forecast:

Business analysts believe that the supply of caprolactam upstream PA6 improved and prices weakened in early August. The supporting effect on PA6 cost surface is weakened. PA6 downstream demand follow-up weak, weak trading. Domestic PA6 market is stable and declining, and it is expected that PA6 will be weaker in the near future.