Price trend

According to the bulk list data of business society, the domestic PA66 market was weak and stable in early November, and the spot prices of individual brands decreased. As of November 4, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 40000 yuan / ton, up or down 0% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, adipic acid price has remained stable recently. The price of raw material pure benzene stabilized after falling, and the cost support is still general. In terms of demand, downstream procurement slowed down and dealer prices loosened slightly. 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 price of raw materials, especially adiponitrile, is high, and the cost side support of PA66 is acceptable. The operating rate of the industry is affected by the shortage of adiponitrile. Except Zhejiang Huafeng, the operating rate of PA66 enterprises decreases. In terms of imported materials, at present, the arrival at each port is still small, and the inventory position is not high. In terms of the demand of terminal enterprises, due to the end of the traditional peak season, the demand has gradually weakened, the seller’s mentality has become loose, and the offer has been reduced from high to low.

Future forecast

Business analysts believe that the spot price of PA66 operated weakly and stably in early November, but it is still high. The end price of raw materials is high and stable, 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 purchase operation of downstream factories is mainly just demand, the on-site trading volume is weak, the buyers are more resistant to the high offer, and the wait-and-see atmosphere is strong. It is expected that PA66 may still fall in a narrow range in the near future.