SunSirs: Long andShort Tangled, China PA6 is in Consolidation

　　According to SunSirs, the domestic market of PA6 operated smoothly in the first week of August, and the spot price was stable and small. As of August 9, the mainstream offer price of 2.75-2.85 of China viscosity by the sample enterprises was about 15,366.67 yuan / ton, flat compared with the average price at the beginning of the month, with a year-on-year increase of 42.72%.

　　On the upstream side, the current domestic caprolactam market continues the decline of industry load at the end of last month, and the supply side is in short supply, which benefits the spot price. The cost side support of PA6 has been weakened. Recently, the overall operating rate of domestic PA6 polymerization plants is about 60%, which has little change from the previous period. In terms of market demand, the demand for goods continues, and the consumption of terminal enterprises has not yet come out of the off-season market. The actual trading is mostly for manufacturers to complete early orders, and merchants try to make a firm offer. Lack of market momentum and PA6 market was in heavy wait-and-see atmosphere.

　　SunSirs analysts believe that in early August, although the upstream support for the cost side of PA6 weakened, the price of caprolactam was high and the cost pressure of PA6 was high. At the same time, the domestic slice inventory increased at the end of last month. End users follow up slowly and have a strong wait-and-see mentality. The atmosphere is weak and the long and short are tangled. It is expected that the spot price of PA6 may be deadlocked in China in the short term.