1、 Price trend:
According to the data of the business club, the domestic PA6 market was positive in June, and the spot prices of most brands rose. As of June 30, the mainstream offer price of 2.75-2.85 from the traders was about 12200.00 yuan / ton, an increase of 5.48% compared with the average price at the beginning of the month.
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2、 Analysis of influencing factors:
The supply of caprolactam in the upstream of PA6 was less in May, and the price rose sharply. In June, the price continued to rise due to tight supply. According to the data of business club, the average ex factory price of caprolactam on June 1 was 9916 yuan / ton, that on June 16 was 10466 yuan / ton, and on June 30 was 10400 yuan / ton, which was 4.87% higher than the average price at the beginning of the month. In the first half of this month, crude oil has strong support for pure benzene, and the external market is stronger, and the price difference between internal and external markets is narrowed, and caprolactam is stronger at the bottom of the market. In the last ten days, the port inventory of pure benzene was high, and the delivery speed was slow, so it was difficult to release the inventory pressure. Shandong refining enterprises inventory increased, pure benzene price fell, caprolactam weakened at the end of the month. It is expected that caprolactam market will fall steadily in the future.
In June, the overall price of PA6 was strongly supported by caprolactam upstream. After the price rose, it was running at a high level. The month’s highest point was 12266.67 yuan / ton on the 10th, and since then, business offers have been deadlocked. The so-called market will fall for a long time. Although the increase of overseas plasticizer consumption demand is good for domestic enterprises to remove inventory, the recent follow-up of downstream factory orders is slow. Demand shrinking, plus more inventory, business bearish aftermarket, late offer began to loose. With the downturn of market buying, the domestic market atmosphere turned negative.
3、 Future forecast:
Business agency analysts believe that: in June domestic PA6 market price mainly, after the spot price of each brand rose, consolidation. The supply of caprolactam in the upstream is tight, and the improvement is limited, but the current disk has fallen down, and the cost side support of PA6 is acceptable. The demand of downstream slicing plants turned weak, and the purchasing strategy was mainly on bargain hunting. The trading volume of PA6 declined. Businesses were generally bearish on the aftermarket and reduced their profits and positions. It is expected that PA6 market will continue to be weak in the near future.
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