Price trend
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According to the data of the bulk list of the business community, the domestic PA66 market fell weakly and steadily in May, and the spot prices of various brands fell significantly. As of May 30, the ex factory price of PA66 adhesive injection molding grade sample enterprises of business club was about 26000 yuan / ton on average, with an increase or decrease of -2.80% compared with the average price at the beginning of the month.
Cause analysis
Industrial chain: in the upstream, the price of adipic acid in China gradually fell at the end of last month, and the weak market in the early period continued in May. On the demand side, the adipic acid trading is not ideal, the domestic supply is abundant, and the port arrival level is average, so the overall support effect on PA66 spot is limited.
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The upstream raw material adipic acid market is weak, adiponitrile market is abundant, and PA66 cost side support is poor. In terms of industrial operating rate, it decreased slightly at the beginning of the month, but the load level of domestic PA66 enterprises was still high in May. There is a lot of spot supply on the site, and the profit of PA66 enterprise is under pressure. The inventory position of the port is acceptable, and the arrival volume of overseas goods is general. On the demand side, at present, the terminal enterprises tend to follow up with the goods to maintain production, and have strong resistance to the high price supply. The impact of domestic health events on East China in this month has not yet ended, and logistics in many places have been affected to varying degrees. The demand of some domestic downstream factories has shrunk, the contradiction between supply and demand is prominent, and merchants have great resistance to shipping. The turnover on the floor declined, superimposed on the end of the month, and the seller’s mentality was poor, so he let the single operation of profit take the lead.
Aftermarket forecast
According to the analysts of business agency, the spot price of PA66 fell in May. The adiponitrile market at the raw material end is weak, and the cost side support of PA66 is poor. The load of PA66 enterprise is high, the on-site supply is sufficient, and the inventory pressure of enterprises and midstream is increasing. The demand side is short of goods, so it is expected that PA66 will be affected by the contradiction between supply and demand and maintain a weak market in the short term.
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