According to the data from SunSirs, China domestic PA66 market continued its peak season trend at the beginning of November, and the increase of various models of products was relatively large. As of November 6, the average price quoted by PA66 medium viscosity injection molding class sample enterprises of SunSirs was about 24,200 RMB/ ton, which was 6.84% higher than the average price level at the beginning of the month.
On the upstream side of PA66, the domestic adipic acid continues to rise, and the increase is increasingly fierce. The strong rising trend has also brought the power of speculation, and the price increase of dealers has even appeared a certain degree of confusion. According to the monitoring of SunSirs, the current quotation range of adipic acid in the market is 7,200-7,700 RMB/ ton, which has increased by 500 RMB/ ton compared with the end of October. The main advantage of the rise is the shortage of supply. From the perspective of market supply, the operating rate of adipic acid manufacturers has been declining since last month, and there is no lack of equipment maintenance in large factories. At present, the operating rate is about 70%. The situation of supply shortage has been exacerbated in November. In the upstream, the price of pure benzene rose sharply. With winter approaching, the downstream operating rate may decline, and due to the influence of environmental protection and other factors, adipic acid will continue to push up, with limited space.
In November, the upstream adipic acid on the cost side of PA66 increased, PA66 market continued to rise in the peak season, more than the peak season. The situation of spot shortage in the domestic spot market remains unchanged, and some domestic factories are still stopping for maintenance. At present, the operating rate of PA66 in China is maintained at about 50%, while the operating rate of Zhejiang Huafeng and NVIDIA is relatively low. Moreover, the inventory of polymerization plant and social inventory are generally low, and due to the priority to meet the supply of core old customers, on-site supply may be even more tight than expected. In addition, last month, BASF, DuPont, landic and other major international manufacturers released price increase news. At present, the price of PA66 products and related raw materials in the industrial chain is rising. The replenishment operation of downstream factories is biased towards rigid demand, but there is a certain basis for the current consumption of PA66, and the purchase and sales volume of home appliances and automobile industries are obviously better, resulting in the passive follow-up of factories, and the transaction focus of PA66 market continues to rise.
SunSirs analysts believe: in early November, the domestic PA66 market trend is strong. The current upward trend of upstream products is positive, and the pressure of PA66 production cost is increasing. Downstream factory procurement follow-up on demand, on-site supply continues to be tight pattern, overseas rising market is better than domestic PA66 prices. At present, PA66 is in the cost side support, tight supply and overseas market. It is expected that the PA66 market will continue to be strong in the short term. It is suggested that we should pay close attention to the influence of China environmental protection policies on plasticizing production in the near future.
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