SunSirs: China PA66 Kept Low Opening Rate, Price Rising in August

According to the data of SunSirs, the market trend of domestic PA66 in August was relatively strong, and all models of products had a certain increase. As of August 31, the average price quoted by PA66 medium viscosity injection molding class sample enterprises was about 19,200.00 RMB/ ton, an increase of 2.13% compared with the average price level at the beginning of the month.

The upstream adipic acid generally supported the cost of PA66, but PA66 still rose in August. At present, the supply in the market is still at a low level. At present, the operating rate of each manufacturer is stable and has little change. The low load operation of production enterprises has diverted considerable supply pressure and stabilized the declining trend for half a year due to loose supply. In addition, a letter of price increase has been issued this month by major international manufacturers to enhance market confidence. Although the actual demand of downstream is limited, the purchasing enthusiasm is better than that of last month. The shipment situation of merchants is fair, but the actual trading is still limited. At present, it has entered the traditional peak season, and it is expected that China PA66 will continue its strong trend.

SunSirs analysts believe: domestic PA66 market rose in August. The upstream spot price of adipic acid is mainly rigid, and the support to the cost side of PA66 is general. The inquiry and purchase of downstream factories are just in need of operation. At present, domestic slicing plants maintain the strategy of low opening rate to reduce excess supply, and the situation of insufficient supply and actual turnover coexist. Entering the traditional peak season, the purchase and consumption of PA66 are expected to increase, and it is expected that the market of China PA66 will have strong performance in the short term.

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