Price trend

In mid November, the domestic PA66 market showed a narrow decline. According to data monitoring from Business News Agency, the mixed benchmark price of PA66 in China was 21333.33 yuan/ton on November 17th, a decrease of -0.78% compared to the price level at the beginning of the month.

Cause analysis

Recently, PA66 has taken on the high market in the early stage and the market has generally remained stable. In mid November, the spot prices of various brands saw a narrow decline. In terms of supply, the overall load of the domestic PA66 industry remained above 65% for the entire month, which was basically flat compared to the previous period. The production line situation of the enterprise has remained stable with minor changes, and the overall inventory position is relatively low, with strong supplier support. Terminal enterprises still focus on maintaining production while stocking up on demand, while the demand side has a moderate support for spot goods. On the upstream side, the domestic adiponitrile market is weak and fluctuating. In terms of hexamethylene diamine, the current price is still acceptable due to the impact of previous price increases by international large factories. The cost side’s boost to the PA66 market mainly comes from hexamethylene diamine. At present, the market performance has rebounded and the initial price of PA66 has remained stable.

Future Market Forecast

In mid November, the spot price of PA66 fell narrowly. The price of raw materials has weakened slightly, providing general support for the cost side of PA66. The load of PA66 enterprise is almost horizontal, and the inventory position is low. The demand side still focuses on maintaining production, and it is expected that PA66 may continue to operate in a narrow range in the short term.