Price trend

According to the data of the bulk list of the business community, the low level of the domestic PA66 market rose slightly this week, and the spot prices of various brands rose and fell. As of August 12, the average ex factory price of PA66 medium viscosity injection molding grade sample enterprises of business agency was about 21150 yuan / ton, up or down 1.93% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: on the upstream side, the domestic adipic acid price continued to be weak this week. The confidence of the upstream pure benzene market is poor, and the cost side is still bad. At present, the inventory pressure is not reduced, and the price reduction of the manufacturer’s inventory has suppressed the market mentality, and the market demand is weak. In addition, the domestic adiponitrile of Tianchen Tianchen Qixiang adiponitrile production line was shipped step by step, starting to replace some imported sources.

The market of adipic acid, the upstream raw material, is still weak, the bad news of adiponitrile continues, and the cost side support of PA66 is weak. In terms of industrial operating rate, the load level of domestic PA66 industry continued to drop in the early period due to the continuous pressure on the profits of PA66 enterprises. At present, the spot supply in the market has contracted, and the supply pressure has been partially eased. The inventory position of the port is acceptable, and the arrival volume of overseas goods is general. On the demand side, the current end-user enterprises tend to follow up with goods to maintain production, and have strong resistance to high price goods. In the traditional off-season, the demand of downstream factories shrinks, and the merchants have great resistance to shipment. The on-site transaction is still light. However, the reduction of low-end goods supply has reinforced the mentality of merchants, narrowed the margin of profit, and some brands of products have tried to rise.

Future forecast

Business analysts believe that the spot price of PA66 eased this week. The raw material side adiponitrile market is weak, and the cost side support of PA66 is weakened. The load of PA66 enterprises is low, the contradiction between supply and demand in the field is weakened, the demand side is short of goods, and the transaction is light. It is expected that PA66 will continue to be affected by the slow follow-up of the downstream in the short term and will mainly be sorted out and operated.