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SunSirs: China PA66 is Strengthening as Scheduled in the Traditional Peak Season
September 15 2020 10:26:19SunSirs(Selena)

According to the data of SunSirs, the domestic PA66 market was stronger in the first ten days of September, with all models of products rising to a certain extent. As of Friday, September 11, the average price quoted by PA66 medium viscosity injection molding class sample enterprises was about 20,050.00 RMB/ ton, an increase of 4.43% compared with the average price level at the beginning of the month.

In terms of adipic acid upstream of PA66, the domestic inventory pressure eased slightly in the first ten days of September. According to the data monitored by SunSirs, as of Friday, September 11, the international price of adipic acid has recovered, with an average price of 6,660.00 RMB/ ton, an increase of 1.52% compared with the average price level at the beginning of the month. However, the market demand performance is still relatively flat, market supply pressure is likely to continue, most dealers follow the market, and the transaction atmosphere is still at a weak level. The price of pure benzene is relatively flat in the near future, and its support to the downstream adipic acid is general. Crude oil's periodic weakness added to the uncertainty of pure benzene market, adipic acid is expected to maintain the finishing market in the short term.

The upstream adipic acid generally supported the cost of PA66, and the domestic spot price of PA66 continued to rise in the first ten days of September. Recently, the domestic PA66 operating rate has not changed much, and the supply of goods in the market is still slightly insufficient at this stage. It's the traditional peak season, and the domestic automobile industry is warming up, and PA66 consumption has a trend of expansion. But from the actual transaction point of view, the market atmosphere is difficult to be active. At present, the low load operation of PA66 production enterprises has stabilized the price weakness caused by loose supply for nearly two years. BASF, a major international manufacturer, announced to increase the price of PA66 industrial chain products in the Asia Pacific region and enhance market confidence. Business shipment situation is fair, PA66 is expected to continue the strong trend.

SunSirs analysts believe: early September domestic PA66 market trend is strong. The spot price of adipic acid in upstream slightly recovered, which supported the cost of PA66. Downstream factory inquiry and procurement just need to operate, order follow-up is slow. At present, there is less on-site supply and it is time for the traditional peak season. There is still room for improvement in the purchase and consumption of PA66. It is expected that the market situation of China PA66 will be stronger in the short term.

 

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