Price trend

According to the bulk list data of the business community, the domestic PA66 market has maintained a weak downward trend recently, and the spot prices of various brands have been reduced. As of June 16, the ex factory price of PA66 adhesive injection molding sample enterprises of the business club was about 23750 yuan / ton on average, up or down by -7.77% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: on the upstream side, the domestic adipic acid price this week rebounded and rose due to the cost benefit. On the demand side, the adipic acid trading is not ideal, the domestic supply is abundant, and the port arrival level is average, so the overall support effect on PA66 spot is limited.

The upstream raw material adipic acid market has recovered, adiponitrile market is in abundant supply, and PA66 cost side support is poor. In terms of industrial operating rate, due to the continuous pressure on the profits of PA66 enterprises, the load level of domestic PA66 industry also decreased this week, but generally speaking, the range is limited. The spot supply in the market is abundant, and the supply pressure is difficult to solve. The inventory position of the port is acceptable, and the arrival volume of overseas goods is general. On the demand side, at present, the terminal enterprises tend to follow up with the goods to maintain production, and have strong resistance to the high price supply. Health incidents in East China have eased significantly, and logistics in many places has gradually recovered. However, the demand of domestic downstream factories has shrunk. In addition, the operating rate of terminal enterprises in the off-season is low, the contradiction between supply and demand is prominent, and merchants have great resistance to shipping. The transaction on the floor declined, and the seller’s mentality was not good, so he continued to give up profits.

Aftermarket forecast

According to the analysts of business agency, the spot price of PA66 fell this week. The adiponitrile market at the raw material end has improved, and the cost side support of PA66 is average. The load of PA66 enterprises was reduced in a narrow range, the pattern of sufficient supply in the yard remained unchanged, and the inventory pressure of enterprises and midstream increased. The demand side is short of goods, so it is expected that PA66 will continue to be affected by the contradiction between supply and demand in the short term.