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SunSirs: high Cost, China PA66 Price was High Up
January 14 2021 10:54:40SunSirs(Selena)

According to the data of SunSirs, China domestic PA66 market was strong in early January, and the spot prices of various brands rose. As of January 12, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 29,650 RMB/ ton, which was 0.85% lower than the average price level at the beginning of the month.

According to the monitoring of SunSirs, the market of adipic acid in the upstream of PA66 fluctuated in early January. On January 6, it reached a high of 8,100 RMB/ ton, and on the January 12, it returned to the average price level at the beginning of the month, with the current amplitude of 0.75%. At the end of last month, many regions showed the state of trading price for volume, some dealers' quotations dropped, and the prices dropped from a high level. At present, the price of upstream pure benzene is rising due to the promotion of crude oil and external market, and the strengthening of raw materials is beneficial to the price of adipic acid. In terms of market supply, the operating rate of manufacturers reached about 80% last month, and the market supply was relatively abundant. Recently, the downstream inquiry has increased, and there is just a need to enter the market before the festival, which supports the firm offer of businesses. However, the overdraft demand of the downstream stock before the festival does not rule out the possibility that the factory will digest the inventory and purchase weakly after the holiday. It is expected that adipic acid will continue to operate at a high level in the near future.

Adipic acid supports the cost of PA66. In the early stage, the operating rate of Zhejiang Huafeng increased and the supply increased. In the first ten days of January, there was no news that the supply side continued to rise. The improvement of the overall operating rate of domestic production lines was limited, and the current spot situation was still in short supply. There is no pressure on PA66 inventory at present, and polymerization plants and businesses are willing to support the price. In addition, the high level of adipic acid in the upstream is firm and the supply of goods in the site is tight, so PA66 has cost pressure. Before New Year's Day, international manufacturers have issued price increase letters for PA66 and its products in the industrial chain, and domestic spot prices are also supported by the external market.

SunSirs analysts believe that: in early January, China domestic PA66 market trend was strong, spot prices rose. The fluctuation of upstream product market supports the cost of PA66. At present, the price of PA66 is at a high level, and the high level of the cost side is also a pressure. Downstreams purchase passively, market mentality is OK. China PA66 market is expected to remain high in the short term.

 

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