1、 Price trend:

According to the business club’s big list data, the domestic PA6 market has a steady rise in late October. As of October 26, the mainstream offer price of 2.75-2.85 from the traders was about 11200.00 yuan / ton, an increase of 7.35% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

The market price of caprolactam upstream of PA6 rose in the middle and lower part of October. According to the business club’s big list data, the domestic spot price of caprolactam rose by 5.42% from October 13 to 23. Recently, supply has been reduced and caprolactam prices have risen. The domestic market of raw material pure benzene rose mainly driven by styrene, and the market trading atmosphere rose. The higher price of pure benzene stimulated the downstream purchasing enthusiasm and the market transaction was active. The downstream demand for caprolactam increased, while the inventory decreased. In the short term, caprolactam market is expected to maintain a strong trend or continue to rise.

PA6 before the peak season is not prosperous, the beginning of the month PA6 slices generally continue the low horizontal trend. After the festival, the market power, the upstream lactam many enterprises overhaul or reduce the negative, supply reduction. Sinopec’s high-end caprolactam rose to increase market confidence. Caprolactam rose rapidly, which was good for PA6. The oil in the upper reaches of the far end was affected by the deterioration of the epidemic situation in Europe and the United States recently. On the downstream side, after the resumption of work in mid October, staple fiber and yarn wrapping enterprises have been more active in replenishment. However, the demand for replenishment after the festival failed to maintain, and the trading volume showed a trend of weakening this week. Downstream orders follow-up slightly weak, conventional spinning high-speed spinning chip sales pressure, individual businesses down offer.

3、 Future forecast:

Business agency analysts believe that: last week, domestic PA6 market has a steady rise, early this week, stagflation or even callback. The supply of caprolactam in the upstream is tight, and the price is stable after the price rises, which can support the cost end of PA6. Downstream factories mainly take goods just as needed, the heat of returning to work after the festival has declined, and the purchasing atmosphere has become weaker. Analysts believe that the current positive PA6 is limited, it is expected that in the short term, the spot price of PA6 may be difficult to maintain and fall slightly.