1、 Price trend:
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According to the data of the business club’s bulk list, the domestic PA6 market was weak in July, and most of the brand spot prices were significantly reduced. As of July 31, the mainstream offer price of 2.75-2.85 from traders was about 10933.33 yuan / ton, a decrease of 10.38% compared with the average price at the beginning of the month.
2、 Analysis of influencing factors:
PA6 upstream caprolactam was negative in July, leading to a sharp decline in the market. According to the business club’s big list data, domestic caprolactam prices fell sharply in July. The average ex factory price of caprolactam on July 1 was 10400 yuan / ton, and that on July 31 was 9566 yuan / ton, a decrease of 8.01%. The highest price in the month is 10400 yuan / ton, and the lowest price is 9533 yuan / ton. Among them, the cost support weakened in the first and middle of July due to the continuous decline of raw material prices. In addition, sufficient supply, poor downstream demand, the overall market is weak. Although the raw materials rose in the last ten days, the downstream demand continued to be weak, and the overall pressure phenomenon was limited. Caprolactam analysts believe that in the near future, the price of raw material pure benzene has continued to rise, the cost side is favorable, the support is strong, and the falling space is limited. The performance of downstream demand is not good, and will continue to be under pressure in the short term. It is expected that caprolactam market will rise steadily after finishing weak in August.
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PA6 market in June by the overall strong support of upstream caprolactam, after the price rise, the high price of running. In the first half of July, PA6 fell with the upstream caprolactam, reaching a peak of 12200.00 yuan / ton at the beginning of the month. Since then, businesses have been actively shipping to reduce the profit offer. However, the follow-up improvement of downstream factories’ orders is limited, and the operation mainly focuses on low-cost replenishment and instant use, and the strategy is inclined to small-scale procurement. Business mentality is not strong, maintain the warehouse operation, the actual trading atmosphere is weak.
3、 Future forecast:
Business agency analysts believe: in July, domestic PA6 market went down negatively, and spot prices of various brands decreased significantly. The upstream caprolactam had a significant downward trend, and the support for the cost side of PA6 was weakened. The demand of downstream slicing plants is weak, and the strategy of bargain hunting is the main strategy. The improvement of PA6 trading volume is limited. The businesses are generally short of the future market, and the operation of reducing profits and reducing the warehouse is the main operation. It is expected that PA6 market will continue the weak trend in the near future.
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