According to the data of SunSirs, China domestic PA66 market fluctuated weakly in the first ten days of July, with various models of products up and down. As of July 10, the average price of PA66 medium viscosity injection molding mainstream offer was about 18,800.00 RMB/ ton, a decrease of 0.53% compared with the average price level at the beginning of the month.

Analysis of Influencing Factors:

According to the data of SunSirs, the spot price of adipic acid upstream of PA66 in the market has changed little since July, and the mainstream quotation in east China is generally maintained at around 6,500-6,800 RMB/ ton. In terms of cost, Sinopec's listed price of pure benzene has been stable recently, and the price of pure benzene in Shandong has rebounded slightly, and the market mentality is slightly poor. At present, it is difficult for the international oil price to rise sharply. It is estimated that the oil distribution price will fluctuate around $40/ barrel in July. In addition, the port inventory of pure benzene is still high, and the large-scale units repaired in the early stage have been restarted, and the market supply pressure will continue to increase in the later period. The load of downstream phenol ketone was reduced due to maintenance, which further reduced the pure benzene. Affected by the pure benzene callback on the cost side, the support of adipic acid price is weakened, which does not rule out that the price of adipic acid will continue to fall. What's more, there is still no good in the demand side, so it is not ruled out that the adipic acid price may continue to explore lower.

The upstream adipic acid generally supports the cost side of PA66. Last month, the price of PA66 market rose due to the decrease of spot on the spot, and the market of PA66 turned warm. In July, the tight spot market situation has improved, but the supply is still relatively small. Recently, it is said that in the production stoppage of Liaoyang Xingjia, the operating rate of Shenma industry is about 80%, half of Huafeng Group's units are shut down, and half of Dandong Youxian technology's units are shut down. Although some offers have recovered, the resistance to shipment is still existed, and the actual transaction is still relatively small. Downstream factories are more resistant to high price goods, and the improvement degree of transaction is limited.

Market Forecast

SunSirs analysts believe that, in early July, domestic PA66 market was adjusted in a narrow range.  The spot price of adipic acid in the upstream runs smoothly at a low level, which cannot support the cost of PA66. The lower reaches have some resistance to high price goods, the domestic market supply is tight and the actual trading is insufficient. Both of them have limited improvement. It is expected that China PA66 market will continue to run smoothly in the short term.

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