1、 Price trend
According to a large number of data in the list of business agencies, the market of PA66 in China continued to be weak in late May, and the quotations of various brands were weak and stable. As of Friday, may 22, the average price of the mainstream offer of PA66 is about 19000.00 yuan / ton, which is 0.78% lower than the average price at the beginning of the week.
| Sulfamic acid 99.80% |
Analysis of influencing factors:
The market of adipic acid in the upper reaches of PA66 is at a low level and stable, with little change this week. Spot some areas rebounded slightly, but most of the low narrow adjustment. The process of market de stocking is relatively slow, the inventory pressure of manufacturers is still large, and the supply pressure has not been significantly eased, mainly because the manufacturers still maintain a high rate of start-up. Although the upstream raw material pure benzene is relatively strong at present, it does not bring fundamental benefits to adipic acid. The main reason that restricts the price of adipic acid is the low consumption, and the operating rate of downstream plants has not been significantly increased. In addition, in addition to the weak domestic demand, the external demand has also worsened, especially affected by the overseas epidemic, the external demand has decreased, and the pressure on adipic acid export has continued to increase, which does not rule out the possibility that the inventory will continue to rise in the later period.
| sulphamic acid |
The upstream adipic acid did not support the PA66 cost side, and the market price of PA66 continued to be weak at the beginning of the second half of this month. In terms of supply, the spot performance of PA66 is sufficient, and the starting load of downstream plants is low. The improvement of water consumption products of PA66 plastic products is limited, and the imbalance between supply and demand is still the main contradiction. There are few inquiries, pessimistic atmosphere and few trading news.
Future forecast:
Business analysts believe that: in late May, the domestic PA66 market continued to adjust its weakness. The spot price of adipic acid in the upstream is stable at a low level, which generally supports the cost of PA66. The return rate of downstream factories needs to be improved, and the demand for replenishment is very limited. The contradiction between supply and demand in the market is still the same, and the confidence of the operators in the future is insufficient. It is expected that PA66 market will not improve in the short term.
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