After the holiday, the domestic PA66 market is rapidly rising. According to data monitoring from SunSirs, on February 27th, the domestic PA66 mixed benchmark price was 22,566.67 RMB/ton, with a price increase of 8.32% compared to before the holiday.

Adipic acid: The market price of adipic acid followed the upward trend of upstream pure benzene in February, and has recently hit a high level sideways. In addition, on the 23rd, international giant Langsheng sent a letter raising the price of adipic acid by 250 euros per ton. The combination of raw materials and external market support is expected to continue the rise of adipic acid market in the future.

Hexanediamine: In February, there was also news of international large factories raising prices in the hexanediamine market. At the beginning of the month, NVIDIA issued a price increase letter, increasing prices by 500 RMB/ton, promoting the strong operation of hexanediamine prices before and after the Spring Festival. On the 26th, it was announced again to raise the price by 2,500 RMB/ton, and the latest price of 25,000 RMB/ton will be implemented on March 1st, with a significant increase. At present, the positive news of the new price increase letter has not been fully released, coupled with the continuous tight supply of goods in the market, the bullish confidence of the industry in the future has been greatly strengthened; Overall, both costs and materials have strengthened, maintaining strong support for the PA66 market.

In terms of supply: Since the Spring Festival, the operating rate of domestic PA66 production lines has remained low and adjusted. Recently, the overall industry load has been around 59%, a decrease of 2% compared to the pre holiday average load. At present, the production of enterprises is at a low and stable level, and there is no accumulation of inventory. Low end supply has decreased, with clear operations for price increases. The market circulation of goods is tight, and the support from suppliers is relatively strong.

In terms of demand: After returning from the Spring Festival holiday and nearly ten days of resumption of work, downstream enterprises of PA66 have gradually returned. However, there are still some enterprises that maintain low load production or have not yet started production, and textile, electrical and modification enterprises have not fully started stocking and consumption, and most of their procurement operations are maintained with just the necessary follow-up. On exchange trading is average, and it is expected that more demand will be released in the future. Traders follow the market and actively try to report high. The demand side has average support for PA66.

The spot price of PA66 has been rising recently. The prices of raw materials have both strengthened, maintaining strong support for the cost of PA66. The PA66 enterprise has a low level of horizontal load, and the inventory position is also low. Terminal enterprises are gradually starting construction, and demand is gradually increasing. Overall, the cost side of PA66 is currently dominated by bullish factors, and the fundamentals are consistently improving. It is expected that the market will continue to be strongly affected by this impact in the short term.

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