1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 was stable this week, and the spot prices of some brands rose. As of July 8, the mainstream offer price of the sample enterprises for Zhongtong 2.75-2.85 was about 15600 yuan / ton, up or down 0% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam was stable this week. Raw material pure benzene continued to decline, international crude oil fell significantly, and the support of external news was weak. Recently, the domestic pure benzene port inventory continues to increase and the supply increases. However, the profit of downstream products is at a loss, the economy of some devices is reduced, and the demand is weakened. It is expected that the caprolactam market will continue to decline in the short term.

The upstream caprolactam market fell, and the cost side support of PA6 was still weak this week. The operating rate of domestic PA6 polymerization plant has limited changes, which is generally stable below 70%, and it is running sideways this week. In terms of news, the international crude oil was affected by the Federal Reserve’s interest rate hike and other factors in the early stage, and the decline in price volatility intensified, and the near and far cost side support of PA6 weakened. The supply side of PA6 is abundant, and the profit of polymerization enterprises is poor. The load of downstream enterprises was flat, but the trading of this week was improved near the weekend. Enterprises prepared goods to hold the spot price, and the low-end offer on the floor was reduced. The purchaser is still cautious in taking goods, and small order purchase just needs to maintain production.

3、 Future forecast:

Business analysts believe that the spot price of PA6 is stable this week, caprolactam is also stable, and the cost support of PA6 remains weak. Downstream enterprises have stepped up in taking goods, and bargain hunting has digested part of the low price offer. It is expected that in the short term, the trend of PA6 market may operate in a narrow range in the long short game.