According to the data of SunSirs, the domestic PA66 market fell in June, and the spot prices of various brands fell. As of June 30, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 38,650 RMB/ ton, a decrease of 1.90% compared with the average price at the beginning of the month, and a rise of 104.05% compared with the same period last year.
In terms of upstream adipic acid, the domestic spot price dropped sharply in June, and it is expected that there will be little downward space in the short term, and it may be weak and stable in the near future. The raw material adipic acid was running horizontally, and the cost side support of PA66 was maintained. In June, the overall supply and demand of PA66 market was weak, and the characteristics of off-season market were prominent, and the spot price gradually rose downward. The overall operating rate of domestic PA66 industry is still not high, and the load of some enterprises increased in the month. The support from the cost side and the supply side of the rubber and plastic industry is average. The overall market momentum is insufficient and the wait-and-see mentality is heavy in the off-season of the rubber and plastic industry. The merchants are flexible to negotiate with each other and the end users are slow to follow up. The resistance of high price source of goods is still large. Throughout the month, the market atmosphere was light, the market inquiries were limited, and the actual transactions were mostly small.
SunSirs analysts believe: in June, the domestic PA66 market was weak, and the profits of aggregation enterprises and end users were poor. At present, the industry is still affected by the traditional off-season, lack of consumption. Although there is a certain support of capacity loss in the market, the market atmosphere is weak and supply and demand are weak. It is expected that PA66 market will be easy to fall but difficult to rise in the short term in China.
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