SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: No Pressure on Inventory, China PA66 Runs steadily in early December

December 08 2020 09:50:01     SunSirs (Selena)

According to the data from SunSirs, China domestic PA66 market remained firm at the beginning of December, with various models of products slightly adjusted. As of December 4, the average offer price of PA66 medium viscosity injection molding class sample enterprises was about 29,400 RMB/ ton, with a weekly decrease of 1.34%.

PA66 upstream, adipic acid Market in November continued to rise. In December, the current upstream pure benzene still rose, supporting the cost of adipic acid. In terms of supply, the operating rate of adipic acid manufacturers has remained stable recently, and the market supply is relatively sufficient. Due to the increase of cost pressure at the beginning of the month, the manufacturer has certain shipping pressure. In the later stage, the current market fundamentals are OK, but the business community is worried about the weakening demand brought about by the decline of downstream operating rate in winter. Adipic acid market is expected to follow the upstream trend.

Adipic acid on the cost side of PA66 support is acceptable, PA66 market rose a lot last month, the beginning of December high hold firm. In terms of supply, Zhejiang Huafeng's operating rate has increased recently, but the overall operating rate of domestic production lines is not high, and the factory has no pressure of accumulating stocks for the time being, and the mentality of supporting the market is still strong. The situation of spot shortage in domestic spot market has not improved. Moreover, the new products are still mainly supplied to the old customers under the contract, which aggravates the situation of tight supply in the field, and the situation that the merchants have no goods sometimes occurs. Following the price increase letters issued by BASF, DuPont and aoshengde, Toray of Japan also issued a price increase notice, which continued to improve the prices of PA66 spot and related raw materials in the industrial chain. The replenishment operation of downstream factories is biased towards rigid demand, and the high price of PA66 also increases the pressure of downstream cost, which is dominated by shock operation at the beginning of the month.

SunSirs analysts believe: in early December, China domestic PA66 market trend temporarily stable. The price of upstream products is high, which can support the cost of PA66. Downstream just purchase by needs, and have conflict with high price goods. But the spot is in short supply, the terminal passively follows up, the current demand is OK. At the beginning of the month, new products were cautiously low, and it is expected that the market price of China PA66 will continue its high and strong trend in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isobutyraldehyde | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products