Price trend
| sulphamic acid |
According to the data of the business club’s bulk list, the domestic PA66 market was stronger in the first ten days of September, with all models of products rising to a certain extent. As of Friday, September 11, the average price quoted by PA66 medium viscosity injection molding class sample enterprises was about 20050.00 yuan / ton, an increase of 4.43% compared with the average price level at the beginning of the month.
In terms of adipic acid upstream of PA66, the domestic adipic acid market was stagnant in August, and the price fluctuation was not large, and the prices in some regions were slightly lower. In the first ten days of September, the domestic inventory pressure has slightly eased. According to the data monitored by the business agency, as of Friday, September 11, the international adipic acid price has recovered, with an average price of 6660.00 yuan per ton, an increase of 1.52% compared with the average price level at the beginning of the month. However, the market demand performance is still relatively flat, the market supply pressure is afraid to continue, most dealers follow the market, the transaction atmosphere is still at a weak level, market people are cautious, dealers light inventory operation. The price of pure benzene is relatively flat in the near future, and its support to the downstream adipic acid is general. Crude oil’s periodic weakness added to the uncertainty of pure benzene market, adipic acid is expected to maintain the finishing market in the short term.
The upstream adipic acid generally supported the cost of PA66, and the domestic spot price of PA66 continued to rise in the first ten days of September. Recently, the domestic PA66 operating rate has not changed much, and the supply of goods in the market is still slightly insufficient at this stage. It’s the traditional peak season, and the domestic automobile industry is warming up, and PA66 consumption has a trend of expansion. But from the actual transaction point of view, the market atmosphere is difficult to say strong. Orders are generally slow to follow up, which may be related to the early preparation. It is expected that the “golden nine silver ten” will still be popular when the downstream manufacturers consume inventory. At present, the low load operation of PA66 production enterprises has stabilized the price weakness caused by loose supply for nearly two years. BASF, a major international manufacturer, announced to increase the price of PA66 industrial chain products in the Asia Pacific region and enhance market confidence. Business shipment situation is fair, PA66 is expected to continue the strong trend.
Business agency analysts believe: early September domestic PA66 market trend is strong. The spot price of adipic acid in upstream slightly recovered, which supported the cost of PA66. Downstream factory inquiry and procurement just need to operate, order follow-up is slow. At present, there is less on-site supply and it is time for the traditional peak season. There is still room for improvement in the purchase and consumption of PA66. It is expected that the market situation of PA66 will be stronger in the short term.
| Sulfamic acid |