Price trend

According to the data of the bulk list of business club, the domestic PA66 market continued to rise this week, and the spot prices of various brands increased. As of September 2, the ex factory price offer of the sample enterprises of PA66 medium viscosity injection molding grade of business club was about 22250 yuan / ton on average, with a rise and fall of + 2.30% compared with the average price at the beginning of the week.

Cause analysis

Industrial chain: on the upstream side, the decline of domestic adipic acid narrowed this week, bottoming out and stabilizing. The industry load is low, and the manufacturer’s inventory pressure is slightly relieved. Domestic adiponitrile was shipped step by step and began to replace some imported sources. Recently, the supply of hexanediamine is tight, and merchants are reluctant to sell it. The market is good, and enterprises and businesses adjust their offers.

The overall trend of the upstream raw material market is OK, and the cost side support of PA66 is concentrated on hexanediamine. In terms of industry operating rate, due to the independent load reduction of PA66 enterprises and the peak load shifting production in some areas in August, the current domestic PA66 industry load continues to be low, the market spot supply shrinks, and the easing of supply pressure boosts the spot market. In terms of the port, the inventory position is OK, and the arrival volume of overseas sources is general. In terms of demand, the current follow-up of terminal enterprises is biased towards just maintaining production, and their acceptance of high price sources is general. The traditional off-season is coming to an end, but it will take some time for the demand of downstream factories to release and manifest. Merchants’ confidence has increased, shipments have attempted to rise, transactions on the floor are generally normal, and low-cost goods sources have decreased.

Future forecast

Business analysts believe that the spot price of PA66 has risen this week. The price of raw materials is mixed, and the cost side of PA66 is mainly supported by its own diamine. The load of PA66 enterprises is low, the situation of excess supply has improved, and the demand side is mainly for goods. It is expected that in the short term, PA66 will continue to rise due to the support of the cost side and the approaching peak season.