Demand continues to be weak, and PA66 market is weak

Price trend

 

Sulfamic acid 

In the first ten days of March, the domestic PA66 market was sideways after falling. According to the monitoring of the data of the Business News Agency, the average ex-factory price of domestic PA66 was 20666.67 yuan/ton on March 10, up and down by -1.59% from the price level at the beginning of the month.

 

Cause analysis

 

In the first ten days of March, the market of PA66 was weak, and the spot price was stagnant after falling. In terms of supply, the total monthly load of domestic PA66 industry is more than 65%, which is the same as last week. Enterprise operations continue to be biased towards destocking, with general inventory pressure and abundant supply of goods on the site. In the upstream, the raw material of adipic acid was subject to narrow fluctuations, the industrial load of adipic acid was increased, the supply was increased, the market participants were cautious in operation, and the market was sorted out. PA66 raw material end is generally supported by the stock. In terms of demand, the situation is weak and difficult to change. The terminal enterprises just need to follow up with the maintenance of goods. Buyers generally have strong resistance to high-priced supply. It is expected that PA66 will continue its weak consolidation market in the short term.

 

Aftermarket forecast

 

This week, the spot price of PA66 was stagnant. The market at the raw material end is soft, and the support for the cost end of PA66 is general. The load of PA66 enterprises is stable, and the overall inventory position is average. The demand side is weak in taking goods, and it is expected that PA66 will continue to be weak in the short term.

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