1、 Price trend:

According to the data of the block list of business cooperatives, the domestic market of PA6 rose first and then fell in September, and the spot prices of various brands were adjusted in an overall shock. As of September 30, the mainstream offer price of 2.75-2.85 of the sample enterprise for China Bond was about 14000 yuan/ton, up or down by+1.94% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: In terms of upstream, caprolactam market rose first and then fell in September, pure benzene as raw material rose in shock, and caprolactam cost support was average. At the beginning of this month, caprolactam undertook the increase in the prices of equipment maintenance enterprises of production enterprises, and the supply pressure was fair. Downstream enterprises purchased caprolactam on demand, and the mid month turnover gradually improved. In the second half of the month after the increase, buyers gradually resisted and purchased at lower prices. In addition, the supply of caprolactam in the field has increased due to the restart of some manufacturers’ devices. It is expected that the caprolactam market will be dominated by the weak situation in the short term.

Upstream caprolactam market trend rose and fell back, and PA6 cost end support fluctuated in September. Within the month, the operating rate of domestic PA6 polymerization plants had a limited change and remained above 60% on the whole. The supply side of PA6 is abundant, and the profit of aggregation enterprises is poor. The production and consumption of terminal enterprises in this month are in the traditional peak season. The quantity of goods shipped in the first half of the month has gradually increased, but the buyer’s wait-and-see atmosphere has increased after the spot price has risen. The operating rate of the terminal enterprises is fair, and the demand release is less than that of previous years. It is reported that a new PA6 unit will be put into operation next month, which will affect the atmosphere of goods preparation before the end of the month. The speed of goods delivery in the yard will decrease, resulting in a narrow increase in inventory. At present, the operators are bearish about the future market. Traders often offer profit concessions when they go along with the market. Buyers buy up but not down. They are cautious in preparing goods.

3、 Future market forecast:

Analysts from the business community believe that: in September, the spot price of PA6 fell back after rising, the price of caprolactam fluctuated, and the cost of PA6 supported fluctuations. As the industry worried about the news of capacity expansion next month, the market momentum decreased. It is expected that the market of PA6 will continue to be weak in the short term.