Price trend
| PVA |
This week, the domestic PA66 market showed significant stability and slight fluctuations. According to data monitoring from Business Society, the average factory price of PA66 in China on May 26th was 20866.67 yuan/ton, a+2.62% increase or decrease compared to the price level at the beginning of the month.
Cause analysis
After the PA66 market recovered this week, it stabilized, and overall, spot prices of various brands rose narrowly. In terms of supply, the overall load of the domestic PA66 industry is currently around 66%, which has decreased compared to the previous period. Some enterprises have lowered their burden, and supply contraction has formed a certain support for the spot market. Inventory has also been partially digested, market supply has decreased compared to the previous period, supply side support has rebounded, and enterprise pricing operations have been narrowly repaired. On the upstream side, the raw material hexamethylene diamine remained stable, while on the other hand, the price of adipic acid continued to decline due to a lack of positive market guidance. The raw material side of PA66 has poor 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
This week, the spot price of PA66 stabilized after repairing. 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.
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