1、 Price trend:

According to the data of the bulk list of business agencies, the market of PA6 in China fell all the way in March, with a large price reduction. As of April 1, the main offer price of CCCC 2.75-2.85 was about 10400.00 yuan / ton, down 19.17% from the average price at the beginning of March.

2、 Analysis of influencing factors:

In March, caprolactam upstream of PA6 was negatively affected by peripheral news on crude oil and chemical industry, and the price fell for the whole month. The price center of pure benzene at the cost end continued to move down and the port inventory accumulated. Imports of pure benzene fell sharply, the market negative mentality is heavier. Downstream products are dragged down by weak terminal demand, and inventory release is slow. Upstream and demand are weak at the same time, and the negative side is superimposed;

This month, the price of caprolactam in the upstream fell significantly, and PA6 cost support collapsed. At present, the price of PA6 in China continues to decline, and the inventory consumption of slicing enterprises is slow. The downstream return to work rate is not high, mainly adopt the strategy of bargain hunting and replenishment. The market atmosphere was negative, business confidence was hit, and the mission was completed by the end of the month. Other sources said that the recent international health events caused panic in Europe, foreign chemical supply difficulties, plasticizer orders were cancelled. There are many difficulties in the industrial chain. It is expected that PA6 market will not improve in the short term.

3、 Future forecast:

Business analysts believe that: in March, the domestic PA6 market was negative, and some spot prices fell significantly. The trend of upstream caprolactam is not good, and the support for PA6 cost end is weak. The resumption of downstream factories needs further improvement, and the demand for replenishment is weak. In recent years, the domestic market atmosphere is cold, and the operators sell at a profit. PA6 market is expected to be weak and hard to change in the near future, so it is recommended to operate cautiously.