Bad trading atmosphere, PA6 price cut again

1、 Price trend:

 

According to the data of the business club’s block list, China’s domestic PA6 market fell from a high level in March, and the spot price had a correction. As of the press time on March 17, the mainstream offer price of sample enterprises for Zhongyou 2.75-2.85 was about 15633.33 yuan / ton, a decrease of 1.88% compared with the average price at the beginning of the month, and a rise of 17.25% compared with the same period of last month.

 

2、 The influencing factors were analyzed

 

Upstream, caprolactam domestic market recently also began to callback, and individual spot prices fell significantly. The average offer price of sample enterprises of business cooperatives was about 13733.33 yuan / ton, with an increase of 0.98% compared with the average price at the beginning of the month, and a month on month increase of 19.77% compared with the same period in February. On the supply side, Luxi Chemical had unplanned capacity loss, and the domestic spot accumulation was not prominent. However, the operating rate of downstream plants has declined, caprolactam can not bear the pressure of weakening demand and fall, caprolactam market is expected to continue to adjust downward in the short term.

 

The price of raw material caprolactam callback weakened the cost support of PA6. In the early stage, PA6 was boosted by the tightening supply of the international crude oil and chemical industry chain. At present, the supply side is more abundant than before, and the downstream plants buy as they use, so the purchasing enthusiasm is not good. The overall inventory of polymerization plant showed an upward trend, and the accumulation speed of some models of products was faster. Recently, the merchants are still more active in shipping, and the low price supply forces the manufacturers to reduce the load.

 

3、 Future forecast:

 

Analysts of business news agency think: Recently, the caprolactam load of PA6 upstream is high and the price is low, which weakens the cost support of PA6. Just take delivery of PA6, there is no market demand in the downstream. On the whole, the fundamentals of PA6 are strong at present, and it is expected that the price of PA6 will continue to decrease slightly.

http://www.lubonchem.com/