Price trend

According to the data of the bulk list of business society, the domestic PA66 market rose in August, and the spot prices of various brands increased. As of August 30, the average ex factory price of PA66 medium viscosity injection molding grade sample enterprises of business agency was about 22250 yuan / ton, with an increase or decrease of + 7.23% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: on the upstream side, domestic adipic acid fell to a low point at the beginning of this month due to the impact of demand and news. Although the subsequent performance was weak, the market bottomed out and stabilized. At present, the industry load is low, and the inventory pressure of manufacturers is slightly relieved. The shipment of domestic adiponitrile was carried out step by step and began to replace some imported sources. At the end of the month, the price of hexanediamine was good, the supply of goods on the site was reduced, and the enterprises and merchants increased their offers.

The overall trend of the upstream raw material market is acceptable, especially the support of hexanediamine on the cost side of PA66 is higher. In terms of industrial operation rate, due to the continuous pressure on the profits of PA66 enterprises in the early stage, and the policies of power limitation and peak shift production in some regions this month, the current load level of domestic PA66 industry is low, the market spot supply shrinks, and the easing of supply pressure boosts the spot market. The inventory position of the port is acceptable, and the arrival volume of overseas goods is general. On the demand side, the current follow-up of terminal enterprises is biased towards just maintaining production, and the acceptance of high-priced goods is general. However, the traditional off-season is coming to an end, the demand of downstream factories is coming, the confidence of merchants is increasing, the shipment attempt is rising, the on-site transaction is general, and the supply of low-cost goods is decreasing.

Future forecast

Business analysts believe that the spot price of PA66 has risen this month. The price of raw materials is mixed, and the cost side of PA66 is mainly supported by its own diamine. The load of PA66 enterprises is low, the situation of excess supply in the early stage is improved, and the demand side takes goods generally. It is expected that PA66 will continue to rise in the short term due to the reduction of supply and the approaching of peak season.