SunSirs: Supply and Demand are Stable; China PA66 Prices are Stable

According to the data of SunSirs, China domestic PA66 market was stable in the third week of August, with the rise and fall of various models of products narrower. As of August 23, the average price of PA66 medium viscosity injection molding mainstream offer was about 19,000.00 RMB/ ton, an increase of 1.06% compared with the average price level at the beginning of the month. The weekly increase was 0.66%.

The recent trend of adipic acid in the upstream of PA66 has been stable and small. According to the data of SunSirs, the domestic adipic acid Market in the third week of August (8.17-8.21) was mainly weak, and the prices in some regions were slightly lower. According to the data monitored by the business agency, adipic acid in East China decreased slightly, by only 0.60%. Currently, the adipic acid market is generally quoted in the range of 6,500-6,700 RMB/ ton. The recent market demand performance is low, and the operating rate of adipic acid manufacturers is at the same level as last week, and the market supply pressure is not reduced. At present, the relative off-season level, some dealers purchase according to the order, light stock operation. Most of the dealers low profit shipment, market people or look down on the aftermarket, dealers light stock operation. Adipic acid is expected to remain weak in the short term.

The cost of PA66 is generally supported by adipic acid from upstream. The inquiry and purchase of downstream factories are mainly based on rigid demand, and the goods are prepared carefully. In the near future, the traditional peak season is approaching, and the improvement degree of transaction has not been significantly improved, and PA66 has been slightly consolidated.

SunSirs analysts believe: I n the third week of August, the domestic PA66 market was stable. The spot price of adipic acid in the upstream was mainly stable, with a slight drop, and the support for PA66 cost was general. The inquiry and purchase of downstream factories were just by needs. At present, domestic slicing plants maintain the strategy of low opening rate to reduce excess supply; supply and actual trading are less. It is expected that the market of China PA66 will continue to run smoothly in the short term.

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