Price trend

Recently, the domestic PA66 market has experienced a significant decline. According to data monitoring from Business Society, on May 28th, the domestic benchmark price of PA66 mixture was 21833.33 yuan/ton, with a price increase or decrease of -4.66% compared to the beginning of the month.

Cause analysis

On the cost side:

Recently, the supply of adipic acid has increased, putting some pressure on the supply side. At the same time, in terms of diamine, overseas giant NVIDIA’s pricing fell by 1500 yuan/ton in June. Coupled with the previous high price of hexanediamine, the focus of the future market may fall; Overall, the support of costs for the PA66 market is not strong.

In terms of supply:

Recently, the operating rate of domestic PA66 production lines has remained stable with minor fluctuations. The overall industry load is around 70%. The production of the enterprise is stable, and the accumulation of inventory is average. Suppliers have generally lowered their factory prices, weakening their support.

In terms of demand:

Recently, textile, electrical, and modification enterprises have been following a routine in stocking and consumption, with most of their procurement operations being focused on production. The main force of on-site trading maintains a strong demand for follow-up, and the buyer camp is resistant to high priced goods. The demand side has average support for PA66.

Future Market Forecast

Recently, the spot price of PA66 has fallen from a high level. The raw material market has seen a decline in support for the cost side of PA66. PA66 enterprise has a horizontal load and stable supply. The demand follow-up of terminal enterprises is average. It is expected that the PA66 market will continue to operate weakly in the future.