Price trend
| Gamma Polyglutamic acid food grade |
According to the bulk list data of business society, in mid February, the domestic PA66 market continued to operate weakly, and the spot prices of various brands fell. As of February 17, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 35000 yuan / ton, with an increase or decrease of – 2.78% compared with the average price at the beginning of the month.
Cause analysis
Industrial chain: in the upstream, adipic acid market operates steadily, some markets are slightly loose, dealers’ offer is still high, and manufacturers are still generally very competitive. The price of raw material pure benzene is high and the cost support is obvious. It is expected that the high level of adipic acid market will stabilize in the near future. The overall supply of adiponitrile is still tight, citing the domestic production cost of PA66.
| Gamma Polyglutamic Acid |
The price of adipic acid, the raw material in the upstream, is loose in a narrow range, the supply of adiponitrile is limited, and the cost side support of PA66 is acceptable. Recently, the operating rate of the industry has been at a high level, and the load level of domestic PA66 industry has basically returned to normal. The inventory position in Hong Kong is not high, and the arrival volume of overseas goods is limited. In terms of demand, the current buyer’s follow-up situation is biased towards the just need to maintain production, and the transaction resistance of high-priced goods sources has increased. The smooth flow of goods in the venue is poor, the seller’s mentality is affected, and the offer continues to yield profits.
Future forecast
Business analysts believe that the spot price of PA66 continued to fall in mid February. The supply of adiponitrile at the raw material end has not improved, the adipic acid market returns high and narrow, and the cost side support of PA66 is OK. The load of PA66 enterprise returned to normal and was in a high position, and the support of the supply side to the spot was weakened. Downstream users have a deep resistance to the supply of high priced goods. At present, the downstream demand is sluggish and the trading atmosphere on the floor is poor. It is expected that PA66 may maintain a stable and weak market in the near future.
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