SunSirs: Keep Tight Supply, China PA66 Price Trend is Strong

According to the data of SunSirs, the domestic PA66 market in mid September has been stronger, and all models of products have increased. As of September 22, the average price of the sample enterprises of PA66 was about 20,500.00 RMB/ ton, up 6.77% compared with the average price level at the beginning of the month.

The domestic prices of adipic acid in the upstream of PA66 have been stable in recent days, and the quotations of dealers in some regions have risen slightly. The manufacturer's quotation is mainly stable for the time being, and the normal operating rate of the device is about 80%. At present, the downstream demand is relatively weak, the market is in a state of oversupply, and there is inventory pressure of adipic acid. The cost side of pure benzene showed a trend of high level and slow decline in recent years, and its support to the downstream adipic acid was general. On the whole, the market is still in a weak stable pattern. At the same time, due to inventory pressure and weak demand, the current price is unable to rise or fall temporarily. It is not ruled out that prices will continue to fall.

The upstream adipic acid generally supports the cost of PA66. In the middle of this month, the domestic spot price of PA66 continued to rise in the first ten days of this month, and the increase further expanded. At present, the operating rate of PA66 in China remains low, with little change. The supply level in the market is still tight. In addition, it is the traditional peak season of PA66. Although the replenishment operation of downstream factories maintains the just needed goods, the domestic consumption of PA66 has increased, and the overall terminal demand has recovered. Business shipment situation is fair; China PA66 is expected to continue the strong trend.

SunSirs analysts believe that: in mid September, domestic PA66 market continued to be strong trend. The spot price of adipic acid in the upstream is stable and small, which supports the cost of PA66. Downstream factories make inquiry and purchase on demand, and the follow-up of orders has become warmer. At present, the market supply is still tight, and it is expected that the market of China PA66 will continue to be stronger in the short term.

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