[pa6 daily review] limited demand weighs on pa6 market

1 Today's Summary

①、 Last week's weekly settlement price of Sinopec's caprolactam was 8,710 yuan/ton (six-month acceptance without interest). The previous weekly settlement price was 8,580 yuan/ton, including a September monthly settlement review of 180 yuan.

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

2 Spot Overview

Today, the price of Polyamide 6 (PA6) has declined. The cost support from the raw material caprolactam is limited due to its low-level consolidation. Additionally, downstream buyers are cautious about purchasing raw materials, maintaining only necessary restocking. The market transaction atmosphere is generally moderate, with actual transactions being negotiated. In East China, the cash short delivery price for regular spinning of PA6 is 8,600-8,900 yuan/ton, while the spot price for high-speed spinning is 9,000-9,300 yuan/ton delivered on acceptance.Chao Lake 7950-8050 yuan/ton cash self-pickup price.

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

3 Production Dynamics

1 The capacity utilization rate of polyamide 6 is 79.68%.

2 The profit for conventional spinning of polyamide 6 chips is -100 yuan/ton, and for high-speed spinning, the profit is -479 yuan/ton. /ton.

4 Price Forecast

From the cost perspective, the caprolactam market is running weakly, and cost support is expected to continue weakening. From the supply and demand perspective, domestic supply is expected to increase.Guangxi Hengyi continues production, but downstream...Demand is limited, downstream just-in-need replenishment at low levels is predominant, and the PA6 market is expected to remain weak in the near future.

5 Related Product Information

①、 Caprolactam Market: Today The East China caprolactam market price is around 8050 yuan/ton delivery with acceptance, holding steady compared to the previous trading day. Negotiations in the caprolactam market remain stagnant, with the negotiation range maintained at 8000-8100 yuan/ton delivery with acceptance, while downstream purchases are still relatively few.

②、 Nylon filament market. The market price of nylon POY85D/24 in Jiangsu, Zhejiang, and Fujian regions is 11,000-11,800 RMB/ton. Cost-driven decline. Some offers are slightly higher, with companies finding it difficult to trade at high levels. Discussions around nylon yarn are primarily driven by just-in-time demand, and the industry is experiencing thin profit margins.

6. Data Calendar

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