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SunSirs: PA66 Price Went Weak (March.16-27)
March 31 2020 12:03:09SunSirs(Daisy)

The market trend of PA66 in China is relatively weak in the second half of march, and the price is mostly reduced. As of Friday, March 27, the average price of the mainstream offer of injected plastic PA66 grade is around 21850.00 RMB/ton, which is 1.80% lower than the average price level of the second weekend of March before.

Recently, the domestic market of upstream adipic acid of PA66 continued its weak trend. Compared with the first half of the month, the improvement was limited. At present, adipic acid dealers are affected by the national health incident and the market entry situation is still less than the previous year. The market transportation condition is stable, but suffers from the weak downstream demand, and the shipment condition is not ideal.

At present, the factory operating rate remains stable, inventory pressure in general. 

At present, in the international crude oil and chemical market fell, the cost end of adipic acid support is relatively weak, in the near future should maintain a weak. 

However, the domestic PA66 market atmosphere remains cold and the market is relatively weak. On the supply side, the logistics resistance gradually eased, and highlighted the general background of the imbalance between supply and demand of the old topic. 

At present, PA66 is in sufficient stock, the downstream factories have low load and the demand is relatively weak. Take part in the enthusiasm of the general, the field trading just needs to give priority to, rarely large-scale stock.

Market Forecast: SunSirs analysts think that in the second half of March, domestic PA66 market line continued to adjust to the weak. The spot price of upstream adipic acid continues to decline, which does not support the cost of PA66 well. The rework rate of the downstream factories is still to be improved, and the general implementation of the need to take goods strategy. Demand is very limited. Market atmosphere supply exceeds demand, and business confidence in the future is insufficient. PA66 market is expected to be difficult to improve in the short term.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

 

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