Price trend

The domestic PA66 market declined in late November. According to the data monitoring of the business community, the average ex factory price of domestic PA66 was 25250 yuan/ton on November 1, and 24000 yuan/ton on November 25. The range of increase and decrease was -4.95%, and -39.49% compared with the same period last year.

Cause analysis

In late November, the price of PA66 fell, and the offer center was lowered. On the upstream side, the domestic supply of hexamethylene diamine is still tight and the price is firm. Adipic acid fell due to the weak raw material market, and the support of PA66 cost fell. In terms of industry operating rate, PA66 enterprises continue to be affected by the tight supply of raw materials, the industry load is limited, the operating level is stable between 60% – 70%, and the market spot supply is stable and abundant, leading to an increase in social inventory. In terms of demand, this week, the terminal enterprises tended to maintain production just because of their demand for goods. At the end of the traditional peak season, the enthusiasm for downstream goods preparation was further reduced, and they had strong resistance to high price goods. As the shipping speed of merchants slows down, the center of gravity of the price loosens in the middle of the month, the shipping speed of merchants slows down, and the market is not smooth.

Future market forecast

The spot price of PA66 fell in late November. The raw material side market remained strong, and the cost side support of PA66 was average. The load of PA66 enterprises stabilized, the enterprises reduced their prices and shipped goods, and the overall inventory position increased. The demand side just needs to follow up slowly, and it is estimated that PA66 will continue to operate in a weak way due to weak demand in the short term.