According to SunSirs, China domestic PA66 market fluctuated and adjusted in June. As of June 30, the average price of PA66 medium viscosity injection molding mainstream offer was about 18,900.00 RMB/ ton, an increase of 0.53% compared with the average price at the beginning of the month.

Analysis of Influencing Factors:

The trend of adipic acid upstream of PA66 in June continued the consolidation market in May and the price rise and fall was weak, and the market was calm. According to the data of SunSirs, the price of adipic acid rose slightly in June, but fell by only 0.9% in the whole month. The price of dealers showed mixed ups and downs, with the range of 100-200 RMB/ ton. According to SunSirs, the oil price has reached a periodic high, slightly stopped rising and fell back due to the expansion of overseas epidemic situation of COVID-19at the end of June, and the warming trend of the chemical industry was also restrained to a certain extent. In addition, the cost side was affected by the pure benzene callback, and the support of adipic acid price was weakened, which did not exclude the subsequent decline. More importantly, there was no positive effect on the demand side; Adipic acid has been consolidation in a narrow rangeduring May and June in a row. In the context of demand slowdown caused by the current epidemic situation, it is not ruled out that the price of adipic acid may continue to explore low.

The upstream adipic acid has poor support for the cost of PA66. In the first half of June, the price of the PA66 market increased due to the decrease in the venue, and the market of PA66 became warmer. After more than half a month's adjustment, the situation of less supply in the market has been improved. At present, the domestic spot supply of PA66 is sufficient, and some factories have reduced the load and production. PA66 short-term tight supply has come to an end. At present, there is resistance to shipment from merchants and the transaction is difficult. Downstream factories are more resistant to high price goods, so they are more cautious in stock preparation.

Market Forecast:

SunSirs agency analysts believe that, In June, China domestic PA66 market narrow was in shock adjustment. The spot price of adipic acid in the upstream is temporarily stable, which can not support the cost of PA66. In the first half of the month, the spot supply decreased, the contradiction between supply and demand in the market eased, and the price rose. In the second half of the month, the shortage of goods improved, the business offer was loose, and there was resistance to trading. The downstream demand needs to be improved. It is expected that PA66 market will continue to fall in the short term.

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