Demand weakens, PA6 price rises limited in October

1、 Price trend:

 

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According to the data of the business club, the domestic PA6 market fluctuated and rose in October. As of November 1, the mainstream offer price of 2.75-2.85 from traders was about 10800.00 yuan / ton, an increase of 3.51% compared with the average price at the beginning of the month.

 

2、 Analysis of influencing factors:

 

The upstream caprolactam market price of PA6 fluctuated in October and rose in the second half of the month. As of October 30, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was 9400 yuan / ton, that of Nanjing Dongfang caprolactam liquid was 10200 yuan / ton, that of Sinopec was 10100 yuan / ton, that of Baling Hengyi caprolactam liquid was 10100 yuan / ton, and that of Baling Petrochemical was 10100 yuan / ton. Starting from the second half of this month, caprolactam supply decreased. In addition, the raw material of pure benzene rose by styrene, which benefited caprolactam spot. But at the end of the month, the demand fell and the price fluctuated slightly. At present, the price rise of caprolactam slowed down, and the raw material pure benzene market began to fall. It is expected that the market trend of caprolactam will be weak and stable in the short term.

 

PA6 in September before the traditional peak season failed to force, early this month, PA6 slice generally continued the low horizontal trend. After the festival, the market power, the upstream lactam many enterprises overhaul or reduce the negative, supply reduction. Sinopec’s high-end caprolactam rose to increase market confidence. The rapid expansion of caprolactam in the middle of the month is good for PA6, while the far upstream crude oil is not good for the chemical industry chain due to the deterioration of the European and American epidemic situation. In this month, the downstream staple fiber and wrapping yarn enterprises were more active during the resumption period after the replenishment Festival, and then the replenishment demand failed to maintain. At the end of the month, the conventional spinning chip order was weak, and the PA6 market weakened again.

 

3、 Future forecast:

 

Business agency analysts believe: domestic PA6 market rose in October after falling, spot prices rose overall. The recent trend of upstream caprolactam has been adjusted, and the support for the cost side of PA6 is general. Downstream factories mainly take goods just as needed, and the upsurge of returning to work after the festival has not continued, and the purchasing at the end of the month is weak. Analysts believe that at the end of the month, the positive PA6 weakened, and it is expected that the spot price of PA6 will stabilize temporarily in the short term, which does not rule out the possibility of falling in the later period.

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