Price trend

According to the bulk list data of business society, the domestic PA66 market was stable and weak in mid November, and the spot price of some brands decreased. As of November 18, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 39500 yuan / ton, with an increase or decrease of – 1.25% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, adipic acid Market in East China has stabilized after recent decline. The price of raw material pure benzene fluctuated, the cost support weakened, large factories in the early maintenance resumed work one after another, and the market supply increased significantly. Adiponitrile has not improved much. The capacity loss claimed by large international manufacturers in the medium and long term is still affecting the market, and the supply shortage has not improved. Due to the high dependence on imports of adiponitrile, most domestic PA66 production loads are forced to operate at a low level.

The price of upstream raw material adiponitrile is high, and the cost side support of PA66 is acceptable. In terms of industrial operating rate, in addition to environmental protection policies, it is mainly affected by the shortage of adiponitrile. Except Zhejiang Huafeng, the operating rate of PA66 enterprises decreases. In terms of imported materials, the medium and long-term import and export goods of each port are insufficient, and the inventory position is not high. In terms of the demand of terminal enterprises, the demand follow-up is slow this week, the confidence of sellers is weakened, and the offer is lowered from the high level.

Future forecast

Business analysts believe that the spot price of PA66 was weak and stable in mid November. The end price of raw materials is high and stable, the shortage of adiponitrile has not been improved, the overall load of the polymerization plant is low due to the lack of raw materials, and the supply side is beneficial to the spot. However, in terms of demand, the purchase operation of downstream factories is just needed, the on-site trading volume is weak, the buyers are more resistant to the high offer, and the wait-and-see atmosphere is strong. It is expected that PA66 may continue to operate in a weak adjustment in the near future.