Price trend
Recently, the domestic PA66 market has remained strong at a high level. According to data monitoring from Business Society, on April 23rd, the domestic PA66 mixed benchmark price was 22900.00 yuan/ton, which remained unchanged from the beginning of the month.
Cause analysis
On the cost side:
Recently, the adipic acid market has been undergoing consolidation and operation. At the end of the month, the activity of supply and demand in the market decreased, with fewer new orders and a cautious market atmosphere. In terms of hexamethylene diamine, it maintains a high level of sustained operation, and the support for overseas large factories to raise prices at the beginning of the month is still strong; Overall, the support of costs for the PA66 market is still acceptable.
In terms of supply:
Recently, the operating rate of domestic PA66 production lines has remained low. The overall industry load has limited changes around the process. The production of the enterprise is stable, and there is no obvious accumulation of inventory. The supplier’s price adjustment operation is clear, and the support is still sufficient.
In terms of demand:
Recently, as the end of the month approaches, textile, electrical, and modification enterprises have been following a routine in stocking and consumption, with most of their procurement operations being focused on production. The main force of on-site trading is supported by the follow-up of demand, and the buyer camp has slight resistance to high priced goods. The trading firm’s offer is stable. The demand side has average support for PA66.
Future Market Forecast
Recently, the spot price of PA66 has remained strong at a high level. The raw material market still supports the cost side of PA66. PA66 enterprise has a low load and stable supply. The demand follow-up of terminal enterprises is average. It is expected that the market will continue to operate steadily in the short term.
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