Price trend

According to the bulk list data of business society, the recent domestic PA66 market has remained strong at a high level, and the spot prices of various brands are high. As of October 21, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 41150 yuan / ton, up or down 0.00% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: Recently, the price of adipic acid in East China has remained stable, and the price of most dealers has little change. The price of pure benzene in the upstream runs at a high level, the cost support is strong, the manufacturer supports the price, the dealer’s price has no intention to loosen, the downstream demand has improved slightly, and the transaction is OK. Adipic acid is dominated by high-level operation, and the upward momentum is insufficient. Adiponitrile has not improved much. The capacity loss claimed by large international manufacturers in the medium and long term is still affecting the market, and the supply shortage has not improved. Due to the high dependence on imports of adiponitrile, most domestic PA66 production loads are forced to operate at a low level.

The high price of raw materials rose, and the cost side support of PA66 was strong. The operating rate of the industry is affected by the shortage of adiponitrile. Except Zhejiang Huafeng, the operating rate of PA66 enterprises decreases. Recently, the arrival of goods at each port is rare, and the inventory is low. It is expected that the arrival of imports will be difficult to make up for the domestic demand gap in the short term. In terms of the demand of terminal enterprises, as the household appliance industry is in the peak demand season, there is a certain demand pull for PA66, the seller’s mentality is strong, and the high offer is mainly firm.

Future forecast

Business analysts believe that the recent high spot price of PA66 remains firm. The raw material side has strengthened at the same time, and the shortage of adiponitrile has not been improved. Due to the lack of raw materials, the overall load of the polymerization plant is low, and the spot supply side is favorable. In terms of demand, the on-site purchase operation is mainly just demand. The market is characterized by balanced supply and demand and a strong wait-and-see atmosphere. It is expected that PA66 will mainly operate at a high level in the near future.