Price trend

According to the bulk list data of business society, the domestic PA66 market remained weak this week, and the spot prices of some brands fell. As of July 1, the ex factory price of PA66 adhesive injection molding sample enterprises of business club was about 23500 yuan / ton on average, with an increase or decrease of -1.05% compared with the average price at the beginning of the week.

Cause analysis

Industrial chain: upstream, the domestic adipic acid price fell this week. After the rise of upstream pure benzene, cyclohexanone fell sharply, and the negative cost side intensified. In addition, the market demand is light, the manufacturers are unable to deliver goods, and the inventory pressure is obvious. It is expected that adipic acid price may still have downward space in the near future.

The upstream raw material adipic acid market has weakened, adiponitrile market is abundant, and PA66 cost side support is poor. In terms of industry operating rate, due to the continuous pressure on the profits of PA66 enterprises, the domestic PA66 industry load level was reduced by a narrow margin this week, but the spot supply in the market is still abundant, and the supply pressure is difficult to solve. The inventory position of the port is acceptable, and the arrival volume of overseas goods is general. In terms of demand, at present, terminal enterprises take goods and follow up, preferring just to maintain production, and have strong resistance to high price supply. In the traditional off-season, the demand of downstream factories shrinks, the contradiction between supply and demand is prominent, and merchants have great resistance to shipping. The transaction on the floor fell, and the seller’s mentality was not good, so he gradually tried to reduce the yield order.

Aftermarket forecast

Business analysts believe that the spot price of PA66 fell this week. The adiponitrile market at the raw material end is weak, and the cost side support of PA66 is weakened. The load of PA66 enterprises is reduced in a narrow range, which has a very limited effect on the pressure reduction of the supply side. The demand side is short of goods, buying up rather than buying down, and the market trading continues to be sluggish. It is expected that PA66 will continue to be affected by the contradiction between supply and demand in the short term and continue the weak market.