Price Trend
According to the data from the business associations’list, the PA66 market was in general in the second week of August, and the quotation was weak. As of August 8, the average price of viscous injection grade mainstream offer in PA66 was about 25350.00 yuan/ton, which was 2.50% lower than that at the beginning of the month.
| sulphamic acid |
Analysis of influencing factors:
Products: PA66 upstream adipic acid market rebounded at the end of the month, prices rebounded. In August, the market atmosphere was slightly stalemate, trading was normal, and the market was calm and tidy. This week, there was a strong atmosphere of on-site wait-and-see, and TRADERS’quotations were firm. Downstream follow-up is general, stock enthusiasm is flat, buy on demand is the main. At present, supply and demand are relatively stable and balanced, and the recent market may continue to maintain a narrow adjustment; at the end of last month, Qixiang Tengda and China Chemical Group jointly invested in the establishment of the Tianchen Qixiang. The technology of direct hydrocyanidation of butadiene to adiponitrile, which was independently developed, was announced publicly, and passed the appraisal of scientific and technological achievements of China Petroleum and Chemical Industry Federation as early as 2015, which will break the foreign monopoly of adiponitrile technology. The production capacity expansion of adiponitrile, an important intermediate in the production of PA66 engineering plastics, has become a foregone conclusion, and the cost of PA66 will be gradually reduced by the support of adiponitrile in the future. It is expected that China’s PA66 market will be a long-term impact.
| Sulfamic acid 99.50% |
Demand: At present, domestic PA66 chip spot supply is abundant, downstream factories continue to weaken. The market is depressed in buying gas. Businessmen take a hollow view. Traders follow the market. Most of the transactions are detailed.
Future forecast:
Business analysts believe that the domestic PA66 market continues to operate weakly in the near future. This week’s Sino-US trade frictions led to the breakdown of the offshore RMB 7, which has little effect on the price increase of PA66 market. In addition, the upstream support is not good, the downstream sustained long-term demand is insufficient background, this week PA66 offer fell, the market has no good support for the time being. It is expected that PA66 will continue its weak adjustment in the near future.
| Sulfamic acid |