Price trend
| gamma polyglutamic acid agriculture grade |
Recently, the domestic PA6 market has been plagued by bullish and bearish trends, with various spot prices showing mixed fluctuations. According to data monitoring from Business Society, as of June 16th, the average factory price of PA6 in China was 13500 yuan/ton, a decrease of -0.18% compared to the average price level at the beginning of the month.
Cause analysis
In terms of raw materials:
It can be seen from the figure above that the market price of Caprolactam fell slightly this week. The price of raw material pure benzene has decreased, weakening cost support. The spot supply of Caprolactam market is tight, and the supply side is still supported. The downstream purchase intention is weak, and the purchase is on demand. It is expected that the narrow range of Caprolactam market will be dominated in the short term.
On the supply side:
| Gamma Polyglutamic Acid |
In the near future, the overall load of PA6 production enterprises has remained relatively stable, operating with narrow fluctuations below 70%. This week, the industry’s load increased narrowly, and the market supply remained stable. There is a risk of inventory position continuing to rise, and the supplier’s support for spot goods is average, with factory pricing under pressure.
In terms of demand: Downstream, the load of the weaving and spinning industries has fluctuated. The actual trading is generally concentrated in low-end spot goods. The overall atmosphere of stocking on site is cautious, with no improvement in the situation of new orders. Buyers are resistant to high priced sources, and the overall demand for PA6 chips is average.
Future Market Forecast
Recently, the PA6 market has been fluctuating in a narrow range. The load of domestic polymerization plants is stable, and the supply remains sufficient. In terms of demand, it is average, and stocking tends towards low-priced sources. The price of Caprolactam weakened, and the support of PA6 cost side fell back. It is expected that the PA6 market may continue to fluctuate and consolidate in the short term.
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