[pa6 daily review] cost and demand game pa6 market consolidation running

1 Today's Summary

①、 Last week's settlement price for Sinopec caprolactam was 9,885 yuan/ton (six-month acceptance without interest), with a retrospective adjustment of 150 yuan/ton from last month's settlement.

②、 Sinopec's refineries in East and South China have reduced the price of pure benzene by 200 yuan/ton to 5,450 yuan/ton, effective from October 21.

2 Spot Overview

Today, the polyamide 6 market is operating steadily. The raw material caprolactam market is running firmly, resulting in significant pressure on chip costs. However, downstream demand is limited, with buyers opting for low-priced restocking. Some manufacturers are negotiating sales, and overall market transactions are average. In East China, conventional spinning PA6 is priced at 9,650-9,950 yuan/ton for short-term cash delivery, while high-speed spinning spot goods are priced at 9,900-10,200 yuan/ton for acceptance delivery.

Figure 1 Domestic Polyamide 6 Weekly Price Trend Chart (Unit: Yuan/Ton)	Figure 2 Domestic Polyamide 6 and Raw Material Price Trend Chart (Unit: Yuan/Ton)
Data Source: Longzhong Information	Data Source: Longzhong Information

3 Production Dynamics

1 The capacity utilization rate of polyamide 6 is 77.24%.

2 The profit for conventional spinning of polyamide 6 chips is -450 yuan/ton, and the profit for high-speed spinning is -817.5 yuan/ton. ton.

4 Price Prediction

From the cost perspective, the caprolactam market is running steadily, leading to high cost pressure on the chips. In terms of supply and demand, domestic supply remains stable, but downstream demand is limited and purchases are cautious. Attention should be paid to changes in polymerization plants and downstream demand. It is expected that the PA6 market will undergo consolidation in the near term.

5 Relevant product information

①、 Caprolactam Market: Today The price of caprolactam in the East China market is 9,450 yuan/ton, delivered with bank acceptance, which is an increase of 50 yuan/ton compared to the previous trading day. The spot supply in the caprolactam market remains tight, supporting firm prices, while sales of downstream PA6 chips have weakened, leading polymerization companies to be more cautious in purchasing high-priced raw materials.

②、 Nylon filament market: The market price of nylon POY 85D/24 in the Jiangsu, Zhejiang, and Fujian regions is 10,700-12,500 RMB/ton. Cost-driven and robust. Some offers are slightly higher, making it difficult for enterprises to trade at higher levels. The overall negotiation for nylon yarn is based on just-in-time demand, with the industry experiencing thin profit margins.

6. Data Calendar

Table 2 Overview of Domestic Polyamide 6 Data (Units: 10,000 tons, RMB/ton, days)