Price trend

According to the bulk list data of business society, the domestic PA66 market generally fell in the first half of December, and the spot prices of various brands have been generally stable recently. As of December 16, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 37500 yuan / ton, with an increase or decrease of – 3.47% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, the domestic adipic acid cost continues to decline, the supply increases and the demand is low, and the market is weak. Since December, the operating rate of adipic acid has increased continuously, dragging down the market price. Adiponitrile has not improved much. The loss of production capacity of large international factories and the shortage of overseas transportation capacity are still affecting the market, and the supply shortage has not improved. Due to the high dependence on imports of adiponitrile, most domestic PA66 enterprises have operated at a low production load for a long time.

The upstream raw material adipic acid is weakly stable, the change of adiponitrile is limited, and the cost end support of PA66 is weakened. At present, there is no change in the operating rate of the industry compared with the previous period, the tight pattern of adiponitrile remains unchanged, and the operating rate of domestic PA66 industry continues to be low. The inventory of each port is insufficient. Due to the low overseas transportation capacity affected by international health events, it is in the current situation of insufficient medium and long-term arrival. In terms of demand, buyers follow up slowly with goods, there is great resistance to high price goods, the seller’s mentality is loose, and the offer is weak.

Future forecast

Business analysts believe that the spot price of PA66 is sideways this week. The shortage of adiponitrile at the raw material end has not improved, and the adipic acid market is weak and volatile. PA66 enterprise has a low overall load due to lack of raw materials, and the supply side supports the spot. However, downstream users have a deep resistance to high price goods, and the trading atmosphere on the floor is poor. It is expected that PA66 may continue to operate in a weak adjustment in the near future.