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SunSirs: Supply is Tight in Sales Peak Season, PA66 Market was stronger in September
October 13 2020 10:27:27SunSirs(Selena)

According to the data of SunSirs, the domestic PA66 market was stronger in mid September, and all models of products had a certain sales increase. As of September 30, the average offer price of PA66 medium viscosity injection molding class sample enterprises was about 20,650 RMB/ ton, an increase of 7.55% compared with the average price level at the beginning of the month.

The upstream adipic acid generally supports the cost of PA66, but the price of PA66 is still positive in September, and the domestic spot market has a big rise. In September, the domestic PA66 operating rate did not change much, and the shortage of goods in the market continued. In September, domestic automobile and other industries recovered, PA66 consumption has a trend to expand, tight supply of goods into the traditional peak season, the increase will naturally further expand. The actual transaction angle observation, the market trading atmosphere is general. It is difficult to say that the order follow-up speed is fast. However, the terminal demand recovered at the end of the month. In addition, BASF, a major international manufacturer, announced several times to increase the price of PA66 industrial chain products in the Asia Pacific region and enhance market confidence. In September, the focus of business offers continued to rise, and PA66 is expected to continue the trend of stronger.

SunSirs analysts believe: in September, the domestic PA66 market continued a positive trend. The spot price of adipic acid in the upstream is stable and small, which supports the cost of PA66 in general. Downstream factory inquiry and procurement to maintain just needed operation, the traditional peak season order follow-up has turned warm. At present, the continuous tight supply pattern is a major reason for the sharp rise of PA66. It is expected that the market of China PA66 will continue to be stronger in the short term.

 

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