Weak Demand Continues, PA66 Market Declines

Price trend

Recent domestic PA66 market trends. According to data monitoring by Business News Agency, on March 17th, the average ex-factory price of domestic PA66 was 20500 yuan/ton, with a decrease of -2.38% compared to the price level at the beginning of the month.

Cause analysis

This week, the market for PA66 weakened, and spot prices remained stagnant after falling. In terms of supply, the overall monthly load of the domestic PA66 industry is currently around 65%, unchanged from last week. Enterprise operations continue to be biased towards destocking, with general inventory pressure and relatively abundant on-site supply. On the upstream side, the raw material hexamethylene diamine fluctuated in a narrow range, while on the adipic acid side, due to the weakness of pure benzene, the load was increased before, and the market was under pressure before finishing operation. PA66 raw material side has poor support for spot goods. In terms of demand, the situation is weak and difficult to change. Terminal enterprises just need to follow up on their purchases and maintenance. Buyers generally have strong resistance to high-priced sources of goods. It is expected that PA66 may continue its weak consolidation market in the short term.

Aftermarket Forecast

The spot price of PA66 fell this week. The raw material market is relatively soft, weakening the support for PA66 cost side. The load of PA66 enterprises remained stable, and the overall inventory position was average. Demand side delivery is weak, and it is expected that PA66 may continue to operate weakly in the short term.