PA66 Market Weakness Alleviated

Price trend

 

In May, the PA66 market in China underwent a narrow adjustment. According to data monitoring from Business News Agency, the average factory price of PA66 in China on May 16th was 20766.67 yuan/ton, with a price increase or decrease of+2.13% compared to the beginning of the month.

 

Cause analysis

 

Last week, the PA66 market underwent a narrow adjustment, and overall, the spot prices of various brands have increased over the past half month. In terms of supply, the overall load of the domestic PA66 industry is currently below 66%, which has decreased compared to the previous period. The contraction of supply has formed a certain support for the spot market, but the overall market supply is still abundant, and the price increase of PA66 is limited. The pricing operation of enterprises is stable, and inventory pressure is average. On the upstream side, the raw material of adipic acid is stable in terms of hexamethylene diamine, while the adipic acid is fluctuating in operation. A large number of overhauled devices will alleviate the weakness of demand. In the future, it may continue to be bearish due to the weakness of crude oil. The PA66 raw material end has average support for spot goods. In terms of demand, the situation is stable with some weaknesses, and terminal enterprises need to follow up on their purchases. Buyers generally have limited acceptance of high priced goods. It is expected that PA66 may continue to consolidate its market in the short term.

 

Future Market Forecast

 

Last week, the spot price of PA66 remained stable. The raw material market has remained stable with minor fluctuations, providing general support for the cost side of PA66. The load of PA66 enterprise has decreased, supply has tightened, and the overall inventory position is average. The demand side takes goods to maintain production, and it is expected that in the short term, PA66 may be supported by suppliers and tend to be more organized and operated.

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