Price trend
| sulphamic acid |
Last week, the domestic PA6 market weakened and spot prices were generally reduced. According to data monitoring from Business Society, as of May 29th, the average factory price of PA6 in China was 13525 yuan/ton, a decrease of -3.22% compared to the average price level at the beginning of the month.
Cause analysis
In terms of raw materials:
From the above figure, it can be seen that last week’s weak consolidation occurred. The price of raw material pure benzene continues to decline, and cost support continues to weaken. The supply and demand of caprolactam market also increased due to the increase of load. At the same time, the downstream demand was weak. Most of them purchased at low prices, and they were cautious. It is expected that caprolactam market price will be weak in the short term, which will be dominated by consolidation operation.
On the supply side:
Recently, the overall load of domestic PA6 production enterprises has remained relatively stable, operating in a narrow range of around 70%. The market supply is stable, the inventory position continues to rise, and the supplier’s support for spot goods is average. The factory price pricing is narrow and loose.
In terms of demand: downstream, the weaving and spinning industries have a moderate load. The actual trading is generally concentrated in low-end spot goods. The overall atmosphere of stocking on site is cautious, with no improvement in the situation of new orders. Buyers are resistant to high priced sources, and the overall demand for PA6 chips is average.
Future Market Forecast
Last week, there was a decline in the PA6 market. The load of domestic polymerization plants is stable, and the supply remains sufficient. In terms of demand, it is average, and stocking tends towards low-priced sources. The price of caprolactam was weak, and the cost end support of PA6 was not improved. It is expected that the PA6 market may continue to be weak in the short term.
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