SunSirs: Stable Trading and Cost Support, PA6 Market Was Consolidated after Rising

https://www.chemnet.com   May 04,2023 SunSirs

　　After the domestic PA6 market rose in April, it was sorted and operated, and the spot prices generally increased. According to data monitoring from SunSirs, as of April 28th, the average factory price of PA6 in China was 13,975 RMB/ton, an increase of 1.08% 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 CPL market price fluctuated after rising in April. In the first half of the month, pure benzene, the raw material, rose with crude oil, resulting in stronger cost support. In addition, the maintenance plan of CPL industry increased, the load was expected to decline, and the supply side supported the market. Downstream procurement was just in needed, and mainly operated in cautious. It is expected that CPL will continue to rise in the short term, and the support for PA6 is acceptable.

　　On the supply side:

　　In April, the overall load of domestic PA6 production enterprises remained relatively stable, fluctuating in a narrow range of around 72%. The market supply was stable, and the inventory position started to decrease slightly in the middle of the month. The supplier's support for spot goods was average, and the factory price had loosened in a narrow range in the second half of the month.

　　In terms of demand:

　　Downstream, the load on the weaving and spinning industries was still acceptable. During the May Day holiday at the end of the month, there was a certain boost in pre holiday stocking operations, but actual trading was generally concentrated in low-end spot goods. The overall atmosphere of stock preparation on the site throughout the month was cautious, with buyers resisting high priced sources and generally having average demand for PA6 chips.

　　Market outlook

　　After the PA6 market rose, it consolidated in April. The load of domestic polymerization plants was stable, and the supply remained sufficient. In terms of demand, it was acceptable, but the stock was biased towards low-priced sources. CPL ran strongly after rising, and PA6 cost end support was acceptable. The market was generally balanced, and it is expected that the PA6 market may be weaker in the short term due to insufficient demand.

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