Cost side support PA6 market continued to rise

1、 Price trend:

 

PVA 1799 (PVA BF17)

According to the bulk list data of the business agency, the domestic market of PA6 rose in early June, and the spot prices of various brands rose. As of June 9, the mainstream offer price of the sample enterprises for Zhongtong viscosity 2.75-2.85 was about 16666.67 yuan / ton, up or down by +1.63% compared with the average price at the beginning of the month.

 

2、 Analysis of influencing factors:

 

Industrial chain: upstream, the price of caprolactam rose steadily this week. Far point crude oil rose due to the tension in Eastern Europe and the contraction of other oil producing countries, and pure benzene and caprolactam continued to be supported. Downstream procurement is based on demand and production is maintained. It is expected that the caprolactam market will continue to be strong in the short term.

 

PVA

The upstream caprolactam market trend is positive, and PA6 cost side support is stable this week. The operating rate of domestic PA6 polymerization plant is generally stable at 70%. In terms of news, the tension between Russia and Ukraine is still tense, and the strong operation of international crude oil prices has a fair supporting and conducting effect on the cost side of PA6. The supply side of PA6 is relatively abundant, but the profit of the manufacturer is under pressure. The load of downstream enterprises fell in a narrow range, and the demand slowed down. The purchaser is cautious in taking the goods, mainly in small order purchase to maintain production, and the delivery is not good.

 

3、 Future forecast:

 

According to the analysts of business agency, the spot price of PA6 rose in early June, the trend of caprolactam rose steadily, and the cost support of PA6 was stable. Downstream enterprises mainly take small orders to maintain production. There is resistance to high price goods in the market, and the trading volume shrinks. It is expected that the trend of PA6 market may fluctuate in a narrow range in the short term.

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