Home > Chemical News

Chemical News

SunSirs: The Market Was Generally Balanced, and the PA6 Market Remained Stable with Minor Fluctuations

https://www.chemnet.com   Apr 18,2023 SunSirs
Price trend

Recently, the domestic PA6 market has experienced significant stability and slight fluctuations, with various spot prices fluctuating and fluctuating. According to data monitoring from SunSirs, as of April 14th, the average factory price of PA6 in China was 14,100 RMB/ton, an increase of 1.99% compared to the average price level at the beginning of the month.

Analysis review

In terms of raw materials:

It can be seen from the figure above that the price of CPL market rose this week. The price of raw material pure benzene rebounded in the early stage, and cost support strengthened. In addition, the load of CPL industry was expected to decline, and the market supply pressure had eased. Downstream procurement was just in needed, and the operation was mainly in cautious. It is expected that CPL will run at a high price in the short term, and the support for PA6 is acceptable.

On the supply side:

This week, the overall load of domestic PA6 production enterprises was around 73%, with a narrow increase overall. The market supply was stable, the inventory position was high, the supplier's support for spot goods was average, and the factory price pricing was narrowly loosened.

In terms of demand:

On the downstream side, the overall load of the weaving and spinning industries was sideways, but the consumption of raw materials was not good, and there was generally a certain amount of raw material inventory that needed to be digested. The wait-and-see atmosphere on the site was heavy, and the trading volume was light. The overall demand for PA6 chips was average.

Market outlook

This week, the PA6 market saw a narrow decline. The load of domestic polymerization plants was stable and increased, and the supply maintained an adequate level. On the demand side, there was a slight weakness, and stocking tended to maintain production. CPL operated at a high price, and PA6 cost end support was acceptable. The market is generally balanced, and it is expected that the PA6 market may undergo a narrow adjustment in the short term.
 Print  |    add to Favorites  |    Close