Price trend

According to the data of the business club’s bulk list, the market trend of domestic PA66 in August was relatively strong, and all models of products had a certain increase. As of August 31, the average price quoted by PA66 medium viscosity injection molding class sample enterprises was about 19200.00 yuan / ton, an increase of 2.13% compared with the average price level at the beginning of the month.

In terms of adipic acid upstream of PA66, the domestic adipic acid market was stagnant in August, and the price fluctuation was not big, and the prices in some regions were slightly lower. According to the data monitored by the business agency, adipic acid in East China decreased slightly, by only 0.91%. The market demand was sluggish, the market supply pressure was not reduced, and most dealers reported low profits to ship goods. Market people still looked down on the future market, and the dealers were mainly light on inventory operation. As of the end of the month, according to the monitoring of the business agency, the current adipic acid market quotation range was 6500-6700 yuan / ton. This month, the operating rate of adipic acid manufacturers is more than 80%, maintaining a high level. The supply of market supply is relatively sufficient, and the manufacturers’ inventory pressure is large. In the near future, the price of pure benzene has fallen periodically, which weakens the support for adipic acid downstream. At present, the main contradiction in the market is that the downstream demand has not fundamentally improved, and adipic acid is squeezed from both upstream and downstream, resulting in the gradual decline of enterprise profits. Adipic acid is expected to remain weak in the short and medium term.

The upstream adipic acid generally supported the cost of PA66, but PA66 still rose in August. At present, the supply in the market is still at a low level. At present, the operating rate of each manufacturer is stable and has little change. The low load operation of production enterprises has diverted considerable supply pressure and stabilized the declining trend for half a year due to loose supply. In addition, a letter of price increase has been issued this month by major international manufacturers to enhance market confidence. Although the actual demand of downstream is limited, the purchasing enthusiasm is better than that of last month. The shipment situation of merchants is fair, but the actual trading is still limited. At present, it has entered the traditional peak season of “gold, nine silver and ten”, and it is expected that PA66 will continue its strong trend.

Business agency analysts believe: domestic PA66 market rose in August. The upstream spot price of adipic acid is mainly rigid, and the support to the cost side of PA66 is general. The inquiry and purchase of downstream factories are just in need of operation. At present, domestic slicing plants maintain the strategy of low opening rate to reduce excess supply, and the situation of insufficient supply and actual turnover coexist. Entering the traditional peak season, the purchase and consumption of PA66 are expected to increase, and it is expected that the market of PA66 will have strong performance in the short term.