I. price trend:
According to a large number of data on the list of business agencies, the market of PA6 in China weakened in mid October, and the spot price of some brands was lowered. The main offer price of traders for Zhongzhu 2.75-2.85 was about 13833.33 yuan / ton, down 5.03% from the beginning of the month.
II. Analysis of influencing factors:
| PVA |
The recent trend of caprolactam liquid in the upper reaches of PA66 shows a shock finishing market. At present, the spot supply in the domestic market is sufficient, while the demand in the downstream market is weak and the price rise resistance is large. The resistance of traders to delivery increased, and the high price spot gradually decreased. Market volatility correction. This week, the overall international oil price rose first and then fell, with great volatility. In early October, oil prices rose rapidly due to the attack on Iranian oil tankers. In the later period, the International Monetary Fund lowered its economic growth expectation, and the increase of us refined oil storage increased market worries. Oil prices fell sharply, the price of pure benzene at the linkage cost end fell, and caprolactam market was negative. It is expected that caprolactam will continue the finishing market in the near future; caprolactam has poor support for PA6 cost, and PA6 market is also weak at present. However, the recent expansion of PA6 supply has a greater impact on the domestic spot price. It is reported that the recent performance of car enterprises is low, and the demand for PA6 plate for household appliances has also declined. The enthusiasm of terminal procurement is hit, and most of them are replenished with rigid demand strategy. The trading atmosphere in the market is general, and domestic investors and sellers are cautious and wait-and-see.
3. Future forecast:
Business analysts believe that the domestic PA6 market fell in mid October. The upstream caprolactam entered the finishing market, which did not support the cost end of PA6 well. In the near future, the spot supply of PA6 in China is expanding, the performance of downstream industry is declining, and the demand is weak. It is expected that PA6 will continue to be light in the near future, and it is suggested to focus on cost and supply and demand trends.
| POLYVINYL ALCOHOL |