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PA6 Prices Experience Significant Decline in July

July 5, 2024

PA6 prices experience significant decline in July. Preliminary market discussion indicate sharp declines, driven mainly by lower benzene prices.

This decrease in benzene prices has led to reduced costs for caprolactam, the key feedstock for PA6 production

Market discussions indicate that the price drops from June are substantial, exceeding triple digits.

The seasonal summer slowdown and ongoing poor macroeconomic conditions add further pressure on on demand and PA6 prices.

Any positive demand indicators are minimal and do not suggest a recovery. The overall market sentiment remains pessimistic amidst these challenging conditions.