Price trend

According to the data of the business club’s block list, the domestic market of PA66 fell from a high level in April, and the spot prices of various brands were generally reduced. As of April 30, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 41150 yuan / ton, a decrease of 4.08% compared with the average price at the beginning of the month, and a rise of 106.78% compared with the same period last year.

Cause analysis

The price of adipic acid in China fell from a high level in March after the upstream adipic acid peaked. On the supply side, adipic acid maintained a high level of operation rate in April, and the enterprises gradually accumulated the stock, resulting in greater inventory pressure. As the market entered the off-season, the speed of delivery decreased significantly, so it was inevitable for the enterprises to reduce the price and remove the stock. During the upsurge of the market in the early stage, the merchants on the floor had to make up their positions. In April, the market turned to fall, and the dealers forced the enterprises to reduce their prices and ship goods. Under the influence of increasing supply pressure and relatively weak demand, the price lost its support and gradually went down. Business news agency believes that adipic acid is still in the de inventory cycle, and the price is easy to fall but difficult to rise. It is difficult to ease the market supply pressure in the later stage in the short term, mainly due to the increase of shipping pressure of enterprises and the slowing down of downstream procurement. High price may lead to accumulation of storage. It is expected that adipic acid may continue to adjust, and the possibility of range continuing to move down cannot be ruled out.

The upstream raw material heat has cooled down, which weakens the cost support of PA66. PA66′s supply and demand weakness is also one of the main factors to drag down the market. Due to the continuous high cost, the overall operating rate of domestic PA66 industry has stabilized to about half. At the same time, although the enterprise has no pressure on inventory, the profit margin is limited, and the production and shipment mainly meet the requirements of the early stage. The shift of cost pressure on the downstream makes end users complain endlessly, and the purchasing strategy is more cautious. In terms of trading, most of the goods are taken by small orders in the market, and the decrease of trading power causes price fluctuation to a certain extent.

Future forecast

Analysts from business news agency said: in April, the domestic PA66 market was still affected by the tight supply of raw materials, and the cost side pressure compressed the profit margin of polymerization enterprises. The atmosphere in the venue is cooling, and supply and demand are weak. Downstream take goods passive follow-up, to high price goods more serious resistance. It is expected that PA66 market will continue to be stable in the short term.