Price trend

According to the bulk list data of business society, the domestic PA66 market trend is weak and stable this week, and the spot prices of various brands are basically sideways. As of March 17, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 32250 yuan / ton, with an increase or decrease of – 0.77% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in the upstream, adipic acid, the raw material in the upstream, rose at a high level and then fell this week. The overall operation is volatile, the downstream procurement is rational, and the demand is not large for the time being. The change of adiponitrile market is limited, but the start-up of adiponitrile domestic production line is approaching, there is bad news on the spot price in the short term, the level of port arrival is general, and the overall support effect on PA66 spot is limited.

The price of adipic acid, the upstream raw material, fluctuated, the change of adiponitrile market was limited, and the cost side support of PA66 was general. At present, the operating rate of the industry is at a high level, and the load level of domestic PA66 industry is at a high level. The inventory position of the port is not high, and the arrival volume of overseas goods is general. In terms of demand, at present, terminal enterprises take goods to follow up, prefer to just need to maintain production, and their resistance to high price sources increases instead of decreasing. In addition, the health incident affected domestic logistics and the production of individual downstream factories, the shipment fluency of merchants was poor, the transaction resistance in the venue increased, and the mentality of sellers was affected. The range of offer negotiation this week is still large.

Future forecast

Business analysts believe that the spot price of PA66 is weak and sideways this week. The improvement of adiponitrile market on the raw material side is limited, the adipic acid market fluctuates, and the cost side support of PA66 is general. On the supply side, the load of PA66 enterprises is high, and the on-site spot and enterprise inventory are increasing. The terminal has a deep resistance to high price goods. Downstream demand continues to be sluggish and the market momentum is insufficient. It is expected that PA66 may maintain a weak market in the short term.