Price Trend
In January 2026, the domestic PA6 market price showed a fluctuating upward trend, with a significant increase in the second half of the month. The core driver stemmed from sustained cost-side support, coupled with intensified pre-holiday restocking sentiment downstream and the impact of price adjustments by global chemical giants, leading to a notable improvement in market trading activity. According to data monitoring by Business Society, the benchmark price of PA6 on January 31 was 10,566.67 yuan/ton, representing a 4.28% increase compared to the price of 10,133.33 yuan/ton at the beginning of the month. However, on a year-on-year basis, it decreased by 15.92% compared to the price on February 1, 2025.

Influencing Factors
Cost Aspect:
This month, the upstream raw material industry chain collectively strengthened. Pure benzene exhibited a rare "six consecutive increases" trend at the beginning of the year, styrene prices rose by over 12% monthly, and caprolactam market prices continued to rebound. Business Society price monitoring shows that the average market price of caprolactam on January 31 was 9,573.337 yuan/ton, representing an increase of approximately 1.48% from the low point within the month. Overall, cost support for the PA6 market has strengthened.

Supply Aspect:
This month, PA6 industry maintenance at some plants increased, and restarts were delayed, leading to signs of tightening market supply. Supply pressure eased significantly compared to the previous month. Some polymerization plants even experienced overbooked orders, further supporting the upward price trend.

Demand Aspect:
Approaching the Spring Festival holiday, downstream nylon filament industries initiated phased rigid demand restocking, preparing in advance to address production gaps during the holiday. Rigid demand restocking became a key factor driving increased market transactions.

Future Forecast:
In the short term, PA6 market prices are expected to remain in a state where increases are more likely than decreases. Supporting factors include: raw material caprolactam prices remain firm and upward, with strong cost-side support; the industry is in a destocking phase, and polymerization plants face profit pressure, leading to a strong willingness to maintain prices. However, as the Spring Festival holiday approaches, downstream plants will gradually enter holiday shutdowns, leading to a gradual reduction in demand, which will impose some constraints on price increases. Subsequent attention should focus on the pace of terminal resumption after the Spring Festival and the stability of raw material prices.