Price trend

According to the data of the business club’s block list, the domestic PA66 market in early April tended to be high, and the spot prices of various brands were generally stable. As of April 9, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 42150 yuan / ton, a decrease of 1.75% compared with the average price at the beginning of the month, and a rise of 100.71% compared with the same period last year. The price range was at a new high in history.

Cause analysis

Affected by the cold disaster in the United States and the severe epidemic situation in Europe and the United States, the supply shortage pattern of PA66 upstream products has improved little, and the resistance of China’s import of adiponitrile is still large. The recovery of production and transportation of international large-scale adiponitrile plants is slow, and the domestic import volume of adiponitrile and hexanediamine continues to be low. At present, the supply of PA66 raw material related markets at home and abroad is tight and the price is high, and the spot price is high.

The upstream price position was high, and the domestic PA66 price remained high in early April. There is little difference between the spot offer range and the previous one. The offer range of market traders is about 44000 yuan / ton to 44500 yuan / ton. Due to the continuous shortage of raw materials, almost all domestic PA66 enterprises, such as Pingdingshan Shenma and Zhejiang Huafeng, are struggling to make bricks without straw, and the overall operating rate of the industry is stable to about half. At the same time, it also causes the enterprise to continue the strategy of no quotation without pressure on inventory, and the shipment mainly meets the old contract customers. The inventory in the hands of dealers further declined, and the operation was biased towards high report and reluctant to sell. In addition, lantiqi, a major international manufacturer, also issued a price increase letter for PA66 series products in early April. In terms of information, on April 6, the central ecological and environmental protection supervision was fully launched, which may have an impact on the chemical industry, rubber and plastic industry. Downstream demand is mainly based on rigid demand, and the recent purchasing strategy is more cautious. The decrease of trading power causes price fluctuation in the market to a certain extent.

Future forecast

Analysts of business news agency believe that: in early April, the domestic PA66 market was still supported by the cost side of raw material supply tightening, and there was no improvement opportunity in the short term, so the cost side pressure of PA66 is worrying. The lower reaches passively follow up, and the resistance to high price goods becomes more and more serious, and the spot trading on the floor shows an increase in small orders. PA66 market is expected to remain high in the short term.