According to the data of business associations, PA66 market showed a weak and stable trend in the third week of August, and the quotation was temporarily stable. As of August 15, the average price of viscous injection grade mainstream offer in PA66 was about 24750.00 yuan/ton, which was 0.60% lower than that at the beginning of the month.
Analysis of influencing factors:
Products: PA66 upstream adipic acid market performance this week rose and fell powerless, the market atmosphere slightly cold, distributors actively shipped mainly, the market maintained a weak shock pattern. At present, downstream demand has not changed much, downstream start-up rate is still slightly inadequate. The start-up rate is basically around 50%, which does not give a strong boost to the upstream adipic acid, because the rebound of the previous market basically relies on the upstream pure benzol, driven by the cost effect, which belongs to passive follow-up. At present, the cost surface profit is excessive. The market gradually returns to rationality, and the market also enters the de-inventory cycle. Deals are slightly deadlocked, and there is room for retailers to concede profits. Social inventory is still showing some pressure, and shipment strength has slightly declined. Adipic acid supply and demand are basically in a balanced pattern, and it is expected that the market will continue to maintain a narrow adjustment pattern in the short term; this week, the PA66 market continued to weaken adjustment. The news of US tariff postponement was positive, the terminal market warmed up slightly, and the overall impact on PA66 market was limited. Under the background of imbalance between supply and demand, the transaction is still flat, the transaction is difficult, and the single-offer negotiation is the main way.
|Sulfamic acid 99.50%|
Demand side: At present domestic PA66 chip spot supply is more abundant, downstream factories just need to take goods, demand continues to be weak. Market buy gas is insufficient, business people have a heavy wait-and-see mentality, and most of the transactions are detailed and factual.
Business analysts believe that the recent domestic PA66 market trend is stable and weak. This week, trade frictions between China and the United States slowed down and signalled that the positive news had little impact on PA66 prices. This week’s offer for PA66 declined slightly against the background of poor support from adipic acid cost and insufficient long-term demand downstream. It is expected that the PA66 disk will continue to be weak in the near future.