The Market Demand Was Light, and the PA6 Market Turned Down

June 20, 2022

Latest company news about The Market Demand Was Light, and the PA6 Market Turned Down

Price trend

According to the monitoring data of SunSirs, the domestic market of PA6 has fallen recently, and the spot price of various models has been reduced. As of June 16, the mainstream offer price of medium viscosity 2.75-2.85 by sample companies was around 16,500 RMB/ton, which was +0.61% compared with the average price at the beginning of the month.

Analysis review

Industrial chain: On the upstream side, CPL prices generally rose this week. Raw crude oil firmed up due to tensions in Eastern Europe and reduced capacity in other oil-producing countries. Although it fell back over the weekend under the influence of the Federal Reserve, pure benzene and CPL were still supported. Downstream procurement was based on demand, and mainly maintained production. It is expected that the CPL market will continue to be strong in the short term.

The upstream CPL market trend was positive, and the cost-side support of PA6 was stable this week. The operating rate of domestic PA6 polymerization plants is generally stable at 70%, and has fallen in a narrow range recently. In terms of news, the tension between Russia and Ukraine is still high, and the strong operation of international crude oil prices can support the cost side of PA6. The supply side of PA6 is relatively abundant, but the profits of manufacturers are under pressure. The load of downstream enterprises fell within a narrow range, and as the market entered the off-season, the demand slowed down. The purchaser was cautious in taking the goods, and the purchase of small orders was mainly to maintain production, and the trading situation was not good.

Market outlook

The analyst of SunSirs believes that the spot price of PA6 fell this week, and the CPL fell slightly after the rise, and the cost support for PA6 was firm. Downstream companies were mainly taking small orders to maintain production, and there was resistance to high-priced supplies on the market, and trading was shrinking. It is expected that the PA6 market trend may be down in a narrow range in the short term.

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