Price trend
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According to the bulk list data of business cooperatives, the domestic PA66 market price rose in mid October, and the spot price of each brand was stable or rising. As of October 22, the ex factory price of the glue injection molding sample enterprises in the business agency PA66 was about 25250 yuan/ton on average, up and down by+2.02% compared with the average price at the beginning of the month.
Cause analysis
Industrial chain: upstream, the domestic adipic acid market has reversed recently. The main reason for the decline is the low cost of pure benzene and weak demand. The supply of hexamethylene diamine is still tight, and merchants are reluctant to sell. The market is firm, and the mentality of enterprises and merchants is stable.
The upstream raw material market is fair, and the cost side of PA66 is strongly supported. In terms of industry operation rate, recently, PA66 enterprises have been affected by the tight supply of raw materials, the industry load has been limited, the spot supply in the market is tight, and the inventory has increased. In terms of the port, the inventory position is acceptable, and the arrival of overseas goods is average. In terms of demand, the current terminal enterprises prefer to just maintain production after taking goods. Although it is still in the traditional demand peak season of “Silver Ten”, the downstream are resistant to high price goods, and the release of factory demand is less than that of previous years. The shipping speed of the merchants declined, and there was an operation of sneaking goods, and the deal was average on the floor.
Future market forecast
Analysts from the business community believe that the spot price of PA66 rose in mid October. The raw material side market remained strong, and the cost side support of PA66 was fair. The load of PA66 enterprises is low, the pressure on the supply side is still small, and the demand side is slow to get goods. It is expected that PA66 will weaken in the short term due to the lagging consumption follow-up.
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