SunSirs: Demand Slows Down, Chna PA6 Market callback

　　According to the bulk list data of SunSirs, the recent trend of PA6 domestic market has decreased, and the spot price of various brands is mainly callback. As of October 28, the mainstream offer price of 2.75-2.85 of China viscosity by the sample enterprises was about 17,533.33 yuan / ton, up or down by +1.15% compared with the average price at the beginning of the month.

　　Industrial chain: in terms of upstream caprolactam, at present, the market weakens after the rise of raw materials. Downstream enterprises are in conflict with the high price of caprolactam and purchase more on demand. It is expected that the price of caprolactam will be stable in the short term. It is suggested to pay attention to the return to production of caprolactam unit.

　　Recent upstream caprolactam price stagflation finishing operation, PA6 cost side support is acceptable. The cost pressure caused by the high level of raw materials is large, and the negative profit situation of the polymerization plant has eased through its own load and order adjustment. In terms of demand, the traditional peak demand season is basically over, coupled with the double limit and other environmental protection policies affecting the load of terminal enterprises, the market is mainly wait-and-see.

　　SunSirs analysts believe that caprolactam has stable support for the cost side of PA6 recently, and the spot price of PA6 has fallen. Terminal demand fell, and the centralized replenishment market basically ended. The lack of on-site trading affects business confidence. It is expected that the spot price of China PA6 may still fall slightly in the short term.