PA6 price volatility in April (4.1-4.30)

1、 Price trend:

 

According to the data of the bulk list of business agencies, the market trend of PA6 in April was volatile and the price amplitude was narrow. As of April 30, the main offer price of CCK 2.75-2.85 was about 10366.67 yuan / ton, a slight drop of 0.32% compared with the previous average price level at the beginning of April.

 

2、 Analysis of influencing factors:

 

In terms of caprolactam upstream of PA6, the crude oil and chemical market was volatile this month. At the beginning of the month, OPEC’s various adjustments affected the oil price by a large margin, and the price of pure benzene at the cost end stopped falling and rebounded. With the multi positive boost, the consumption of port inventory accumulation, by the middle of the year, the price of pure benzene rose, and the focus of negotiation rose. Linked with caprolactam, the market price rose. Good raw material market and downstream demand follow-up work together, caprolactam rose to mid month. The supply of caprolactam increased in the late ten days due to the weak recovery of pure benzene and the gradual restart of recent plant maintenance. Social inventory rose and prices continued to fall back. The business mentality is not strong. The contradiction between supply and demand has intensified. It is expected that the weak finishing of caprolactam will be the main part in the later stage;

 

ferric sulfate (Poly ferric sulphate)

The price of caprolactam rebounded and then leveled off. At present, it is weak. Limited support for PA6 cost side. This month’s volatile market is also affected by the adjustment of cost side volatility. The effect of resumption of production in polymerization plant began to show. At present, supply is on the rise, and social inventory is on the rise. In addition, the downstream mainly adopts the strategy of just need replenishment, with less consumption. The inventory consumption of slicing enterprises is still slow, and the mentality of businesses is not strong. The contradiction between supply and demand has intensified. At present, the price of PA6 in China has fallen. PA6 market is expected to be weak in the short term.

 

3、 Future forecast:

 

Business analysts believe that: in April, the domestic PA6 market was adjusted by shocks, and the whole month price amplitude was narrow. The trend of upstream caprolactam is general, and the improvement of PA6 cost end support is limited. The demand for replenishment is weak in the downstream, and PA6 consumption needs to be further improved. PA6 market is expected to be weak in the near future.

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