Price trend

Last week, the domestic PA66 market underwent a narrow adjustment. According to data monitoring from Business News Agency, the average factory price of PA66 in China on May 22nd was 20866.67 yuan/ton, a decrease of+2.62% compared to the price level at the beginning of the month.

Cause analysis

Last week, the PA66 market underwent a narrow adjustment, and overall, spot prices of various brands have increased. In terms of supply, the overall load of the domestic PA66 industry is currently around 66%, which has decreased compared to the previous period. The contraction of supply has formed a certain support for the spot market, and after half a month of digestion, the market supply has decreased, and the supply side support has rebounded. The pricing operation of enterprises has been adjusted up in a narrow range, resulting in average inventory pressure. In terms of upstream, the raw material of adipic acid is relatively weak, while hexamethylene diamine is stable. Due to the lack of positive maintenance in the market, prices have remained stable for two consecutive weeks. The PA66 raw material end has average support for spot goods. The demand situation is stable, and terminal enterprises need to follow up on their purchases. Buyers generally have limited acceptance of high priced goods. It is expected that PA66 may continue to consolidate its market in the short term.

Future Market Forecast

Last week, the spot price of PA66 corrected within a narrow range. The raw material market is weak, and the cost support for PA66 is average. The load of PA66 enterprise has decreased, supply has tightened, and the overall inventory position is average. The demand side takes goods to maintain production, and it is expected that in the short term, PA66 may be supported by suppliers and tend to be more organized and operated.