Price trend

The trend of domestic PA66 market was sideways in mid-February. According to the monitoring of the data of the Business News Agency, the average ex-factory price of domestic PA66 was 21000 yuan/ton on February 20, with a decline of – 2.33% compared with the price level at the beginning of the month.

Cause analysis

In mid-February, the market of PA66 remained stagnant. In terms of supply, the current overall domestic load of PA66 industry has increased by a narrow margin, about 66%. The enterprise’s operation follows the trend of going to the warehouse in the early stage, and the inventory pressure is general, and the supply of goods on the site is relatively abundant. In the upstream, the overall operating rate of adipic acid as raw material has increased, and the expected increase in supply in the later period is negative for the market. The supply of hexamethylene diamine is also expected to increase, and the support of PA66 raw material end to the spot is weakened. The situation in demand is weak and difficult to change. The terminal enterprises just need to follow up with the maintenance of goods, and buyers generally have strong resistance to high-priced goods. The smoothness of merchants’ delivery is average.

Aftermarket forecast

In mid-February, the spot price of PA66 was flat. The market of raw materials began to weaken, and the support for PA66 cost side weakened. The load of PA66 enterprises is stable, and the overall inventory position is average. The demand side is weak in taking goods, and it is expected that PA66 will continue to be weak in the short term.