Price trend
| Benzalkonium chloride |
Recently, the domestic PA6 market has experienced significant stability and slight fluctuations, with various spot prices fluctuating and fluctuating. According to data monitoring from Business Society, as of April 21, the average factory price of PA6 in China was 14075 yuan/ton, a decrease of+1.81% compared to the average price level at the beginning of the month.
Cause analysis
In terms of raw materials:
It can be seen from the figure above that the price of caprolactam market rose this week. The price of raw material pure benzene rebounded in the early stage, and cost support strengthened. In addition, the maintenance plan of caprolactam industry has increased, the load is expected to decline, and the supply side supports the market. Downstream procurement is just needed, and cautious operation is the main focus. Caprolactam is expected to rise in the short term, and the support for PA6 is acceptable.
On the supply side:
| Melamine |
This week, the overall load of domestic PA6 production enterprises was around 73%, showing a sideways trend. The market supply is stable, the inventory position has slightly increased, the supplier’s support for spot goods is average, and the factory price pricing is narrow and loose.
In terms of demand: Downstream, the weaving and spinning industries have a decent load. As May Day approaches, pre holiday stocking operations are gradually increasing, and actual trading is generally concentrated in low-end spot goods. The atmosphere of stocking on site is cautious, and buyers are resistant to high priced sources. Overall, the demand for PA6 chips is moderate.
Future Market Forecast
This week, the PA6 market saw a narrow decline. The load of domestic polymerization plants is stable, and the supply remains sufficient. In terms of demand, it is acceptable, but the stock is biased towards low-priced sources. Caprolactam operates at a high price, and PA6 cost end support is acceptable. The market is generally balanced, and it is expected that the PA6 market may rise in the short term due to cost support.
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