1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 continued to decline in mid November, and the spot prices of various brands decreased. As of November 18, the mainstream offer price of 2.75-2.85 of China viscosity by the sample enterprises was about 16100 yuan / ton, up or down by – 8.17% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: the price of upstream caprolactam continued to decline, and the supply of caprolactam units of some enterprises increased after restart. Downstream enterprises just need to purchase. At present, caprolactam has fallen near the cost line, the enterprise has an obvious attitude of stabilizing the price, and the falling space is limited. The price of raw material pure benzene has been lowered, the cost support is insufficient, and the market transaction is few.

The price of upstream caprolactam continued to decline recently, and the cost support of PA6 weakened. The overall operating rate of domestic PA6 polymerization plants is more than 60%, and the current profitability of polymerization plants is general. In terms of demand, at present, the inventory position of PA6 of downstream users is OK, and the purchase intention is not high. In addition, environmental protection policies such as double limit affect the load of terminal enterprises, the user’s taking of goods is lower, and there is more wait-and-see atmosphere in the venue.

3、 Future forecast:

Business analysts believe that caprolactam continued its decline in mid November, the cost side support for PA6 collapsed, and the spot price of PA6 continued to fall. The terminal demand is weak, the on-site transaction is poor, the buyer’s wait-and-see mood is increased, and the bearish mood in the future is increased. It is expected that the spot price of PA6 may still fall slightly in the short term.