Price trend

Recently, the domestic PA66 market has shown a stable trend. According to data monitoring from Business News Agency, the average factory price of PA66 in China on June 16th was 20333.33 yuan/ton, with a price increase or decrease of -2.56% compared to the beginning of the month.

Cause analysis

This week, the PA66 market continued its previous weak trend, and overall, spot prices of various brands remained stable. In terms of supply, the overall load of the domestic PA66 industry remained at around 60% this week, a narrow decrease compared to the previous period. The coexistence of enterprise construction and maintenance shows a trend of rotating negative reduction, but the on-site supply is relatively sufficient, so the supply contraction is not significant in supporting the spot goods. Poor inventory digestion has affected corporate confidence, and pricing operations are cautious. In the upstream, Adipic acid continued to decline, and raw materials such as pure benzene and Cyclohexanone were still empty. The manufacturer’s inventory and social inventory were both high. The raw material side of PA66 has poor support for spot goods. In terms of demand, the situation is stable with some weaknesses, and terminal enterprises mainly rely on goods to maintain production. Buyers generally have limited acceptance of high priced sources of goods. It is expected that PA66 may continue its weak consolidation in the short term.

Future Market Forecast

The spot price of PA66 remained stable this week. The weakening of the raw material market has led to poor support for the cost side of PA66. The load of PA66 enterprise is maintained, and the supply support is not obvious. The demand side takes goods to maintain production, and it is expected that PA66 may maintain a weak consolidation market in the short term.