Price trend
| PVA 0588 ( PVA BP05) |
Recently, the domestic PA66 market has been operating in a narrow range. According to data monitoring from Business Society, on May 11th, the domestic benchmark price of PA66 mixture was 22933.33 yuan/ton, with a price increase or decrease of 0.15% compared to the beginning of the month.
Cause analysis
On the cost side:
In early May, crude oil rebounded after falling, which was beneficial for the market of pure benzene, the raw material for adipic acid. The cost side provided some support for adipic acid. At the same time, some devices will enter the maintenance period in late May, and the expected decrease in enterprise production will tighten the supply of adipic acid. The domestic supply of hexamethylene diamine has increased, and the pricing of overseas large factories has remained in the early stage. In addition, the high price of hexamethylene diamine has led to a narrow loosening of the market this week; Overall, the support of costs for the PA66 market remains strong.
In terms of supply:
This week, the operating rate of the domestic PA66 production line saw a narrow increase. The overall industry load is around 70%. 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:
| POLYVINYL ALCOHOL |
Recently, 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 demand side has average support for PA66.
Future Market Forecast
This week, the spot price of PA66 has been consolidating at a high level. The raw material market still supports the cost side of PA66. PA66 enterprise has a horizontal load and stable supply. The demand follow-up of terminal enterprises is average. It is expected that the PA66 market will continue to operate steadily in the future.
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