Price Trend

According to the data of business associations, the PA66 market continued its weak and stable trend in the middle and late June, and the imbalance between supply and demand remained unchanged. As of June 25, the average price of PA66 mainstream offer is about 27250.00 yuan/ton.

Analysis of influencing factors:

Products: In the second half of June, the domestic market of adipic acid in the upstream of PA66 is tidying up and running. Inventory pressure is generally heavy on the market. Demand is weak and there is room for negotiation. Trading is weak and merchants deliver at low prices. Pure benzene has recently been well supported by downstream styrene interest, and since early June 17, various pure benzene enterprises have raised prices one after another. Towards the weekend, the pure benzene market mentality has fallen, but the factory is still dominated by a strong price mentality, low-price supply is difficult to find; the upstream support of PA66 is limited, and the domestic brand PA66 offers are stable and weak. At present, it is reported that the National Development and Reform Commission has listed the production line of adiponitrile of 50,000 tons/year or more as a key project, and encouraged the development of production technology of adiponitrile with independent intellectual property rights to break through the technical blockade. The long-term expectation is that the price centre of gravity may decline.

Demand: At present, domestic PA66 chip supply and demand imbalance, downstream factories continued to weaken. Manufacturers are under pressure from the cost side to start construction on the low side. Market buy gas is insufficient, the industry is more hollow, traders follow the market, trading resistance is greater.

Future forecast:

Business analysts believe that the domestic PA66 market continued to operate weakly in the second half of June. The upstream support is not good, the downstream maintains just in need of procurement, the contradiction between supply and demand persists, and the offer declines narrowly. It is anticipated that PA66 may be vulnerable and difficult to change in the near future.