Price Trend

According to the data of the business associations’list, the domestic PA66 market fell weakly in the first week of September, and the price fell. As of September 5, the average price of viscous injection grade mainstream offer in PA66 was around 24000 yuan/ton, which was 1.44% lower than that at the beginning of the month.

Analysis of influencing factors:

PA66 upstream adipic acid Market Monthly market climate is slightly rigid, the performance of the market is weak, trading in general. At the beginning of this month, the domestic adipic acid continued its trend in August, with the main market stalemate. Trade businessmen are cautious in their minds, with small orders and deadlocked negotiations. The supply of the market is stable, which partly reflects the abundant and excessive supply. There are signs of improvement in downstream demand, but the wait-and-see mentality is still heavy, mainly buying on demand. There is still some pressure on social inventories, and shipment strength has slightly declined. It is expected that adipic acid market will continue to maintain a narrow adjustment pattern in the short term, which will not support the cost side of PA66 well. Spot supply of PA66 market is abundant in early September, and the contradiction between supply and demand still exists under this year’s “Gold, Nine, Silver and Ten”. Downstream factories just need to take delivery, demand has not improved and continued to weaken. Market buy gas is insufficient, business people have a heavy wait-and-see mentality, and most of the transactions are flexible and detailed. The market is in a difficult position, with PA66 still weakening narrowly in the first week of September.

Future forecast:

Business analysts believe that the domestic PA66 market weakened in early September. Upstream adipic acid continued to stalemate, weakening the market, the cost of PA66 support is not good. At present, the spot supply is abundant in the field, and the enthusiasm of downstream stock is not high, so the strategy of just taking goods is adopted. The market is short of buying gas, the traders are passive and wait-and-see, and the transactions are many facts and detailed. It is expected that PA66 will continue its disadvantaged consolidation in the near future.