Price trend

At the beginning of January, the domestic PA66 market trend was stagnating. According to the data monitoring of the business community, the average ex factory price of domestic PA66 was 21750 yuan/ton on January 6, which was the same as the price level at the beginning of the month.

Cause analysis

At the beginning of this month, the market of PA66 was stable, and the spot price ran sideways. In terms of supply, the current overall load of PA66 industry in China is about 65%, which is also stable. The enterprise has undertaken the trend of stock removal in the early stage, and the inventory pressure is fair, while the supply is relatively abundant. On the upstream side, hexamethylene diamine runs smoothly. Adiponitrile rose at the beginning of the month, boosted by the cost side. In addition to the early low load operation, the recent cost support for PA66 is fair. The weak demand situation is hard to change. The terminal enterprises just need to follow up on the purchase of goods. Enterprises have entered the holidays one after another. The impact of the pre holiday stock surge has been diluted. Buyers generally have strong resistance to high priced goods, and are also relatively cautious about price cuts. The flow of goods is average.

Future market forecast

At the beginning of January, the spot price of PA66 stabilized. The raw material market rose, and the support for the cost side of PA66 gradually improved. The load of PA66 enterprises was stable, the ex factory price was sideways, and the overall inventory position was low. The demand side just needs to follow up the goods slowly, and it is expected that PA66 will continue to run sideways in the short term.