1、 Price trend

According to the data of the bulk list of business agencies, PA66 market continued to move in the first half of April, and the prices were mostly reduced. As of April 10, the average price of the mainstream offer of PA66 is about 21000.00 yuan / ton, which is 3.89% lower than the average price at the beginning of the month.

Analysis of influencing factors:

The adipic acid Market in the upper reaches of PA66 is flat at present. Last month, the adipic acid market plunged, and the spot price mostly adjusted downward. Influenced by the sharp reduction of settlement price and the listing price in April, adipic acid prices have been lower through sales. At present, the market is still generally affected by public health events, supply and demand are not strong, and transaction is frozen. Inventory overstock and weak demand are the main negative factors of adipic acid price weakness. On the cost side, the price of pure benzene recovered under the influence of recent international crude oil rebound, but it is still at a low level, with limited support for adipic acid market. The downstream construction load still needs to be further improved, and it is difficult to expand the demand side. In terms of inventory, the social inventory pressure increases, and the resistance of adipic acid export is also large. It is predicted that the price of adipic acid will not improve in the short term;

The upstream adipic acid has poor support for PA66 cost side, and the market price of PA66 continued to weaken in early April, with a relatively negative market side. In terms of supply, the spot performance of PA66 is sufficient, and the starting load of downstream plants is low. In the background of the market, the imbalance between supply and demand has been maintained. The on-site trading is dominated by rigid demand, with few trading information and no large-scale stock.

Future forecast:

Business analysts believe: in early April, the domestic PA66 market continued to adjust its weakness. The spot price of adipic acid in the upstream is stable at a low level, which has poor support for PA66 cost side. The return rate of downstream factories needs to be improved. The replenishment operation is rigid and the demand is very limited. The market atmosphere is oversupplied, and the industry has insufficient confidence in the future market. It is expected that PA66 market will not improve in the short term.