Price trend

According to the bulk list data of business cooperatives, the domestic PA66 market price rose in September, and the spot price of each brand rose. As of September 30, the ex factory price of the glue injection molding sample enterprises in the business agency PA66 was about 24750 yuan/ton on average, up or down by+11.24% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: upstream, the domestic adipic acid trend stopped rising in September, and the continuous rise in the price of pure benzene provided impetus for adipic acid. The low starting point in the short term also supported the price. Qixiang Tengda’s accident in the first ten days did not cause serious consequences to the adiponitrile production line. In the month, the supply of hexamethylene diamine continued to be tight, and merchants were reluctant to sell. The market is improving, and enterprises and merchants have raised their offers.

The upstream raw material market is generally stronger, and the cost end support of PA66 is concentrated on the hexamethylene diamine product. In terms of the industry’s operating rate, since the previous negative market of PA66 enterprises was undertaken this month, the domestic PA66 industry’s load was not high at the beginning of the month. In addition, due to the shortage of raw materials, the market’s operating rate will not rise quickly in the future. The market’s spot supply is shrinking, and the spot market is supported by the supply side. In terms of the port, the inventory position is acceptable, and the arrival of overseas goods is average. In terms of demand, the current terminal enterprises tend to maintain production just because they need to follow up on the delivery of goods, and their acceptance of high priced goods is general. This month is in the traditional peak demand season. Although the demand release of downstream factories is not as good as that of previous years, the merchants have a stable mentality, and the shipments continue to increase. The deals on the market are average, and the supply of low-cost goods decreases.

Future market forecast

Analysts from the business community believe that the spot price of PA66 rose in September. The raw material side market rose mainly, and the cost side support of PA66 was mainly focused on hexamethylene diamine. The load of PA66 enterprises is low, the supply side is fair, and the demand side is mainly just in need of goods. It is estimated that PA66 will continue to be boosted by the cost side in the short term.