Price trend

According to the bulk list data of business society, the domestic PA66 market continued to operate weakly in early February, and the spot prices of various brands fell. As of February 10, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 35750 yuan / ton, with an increase or decrease of – 0.69% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the domestic adipic acid market continues to be favorable from the cost side, and the market trend increases greatly. The improvement of adiponitrile is limited. The loss of production capacity of large international factories and the shortage of overseas transportation capacity are still affecting the market. The overall supply is still tight, and the domestic production cost of PA66 is cited.

The upstream raw material adipic acid has increased, the supply of adiponitrile has limited changes, and the cost side support of PA66 is acceptable. In the recent period, the operating rate of the industry has increased compared with that before the festival, and the operating level of domestic PA66 industry has basically returned to normal. The inventory position in Hong Kong is not high, and the arrival volume of overseas goods is limited. In terms of demand, buyers’ follow-up after the festival is biased towards the just need to maintain production, and there is great resistance to the transaction of high price goods. The smoothness of goods flow in the yard is poor, the seller’s mentality is affected, and the offer makes profit.

Future forecast

Business analysts believe that the spot price of PA66 fell in early February. The shortage pattern of adiponitrile at the raw material end is still, and the adipic acid market continues to be strong. The load of PA66 enterprises is improved, and the support of the supply side to the spot is weakened. Downstream users have a deep resistance to the supply of high price goods. In addition, the demand after the festival has not been fully launched, and the trading atmosphere on the floor is poor. It is expected that PA66 may maintain a stable and weak market in the near future.