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SunSirs: Weak Demand in Off-season Market, China PA66 is Easy to Fall but Difficult to Rise in early July

July 13 2021 13:51:57     SunSirs (Selena )

According to the data of SunSirs, the domestic PA66 market was volatile in early July, and the spot prices of various brands rose and fell differently. As of July 12, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 38,550 RMB/ ton, which was the same as that at the beginning of the month, with a year-on-year increase of 105.05%.

In terms of upstream adipic acid, the domestic adipic acid price rose sharply last week (7.5-7.9), with an increase of 11%. At present, the price is stable at 11,000 RMB/ ton. The market rise was mainly due to the sharp rise of the price of pure benzene in the upstream of adipic acid, which led to the passive follow-up of the downstream. The impact of the concentration of manufacturers on the increase of listing price at the beginning of this month, adipic acid rose sharply, and the market is expected to be stable in the near future.

Raw material adipic acid rose sharply, PA66 cost side support significantly stronger, but the current PA66 market has no feedback on upstream support, the overall weak supply and demand pattern remains unchanged, and the off-season market continues. In terms of operating rate, the overall load level of domestic PA66 enterprises is not high, and the change is limited since July. On the demand side, the terminal enterprises are slow to follow up, the on-site delivery orders are small, the market momentum is insufficient, and the buyers have a heavy wait-and-see mentality. Business offer firm, real single flexible shipping, price focus has been down. Recently, the market atmosphere has not been out of the light state. According to the news, we heard that there are some low price orders.

SunSirs analysts think: in early July, the domestic PA66 market fluctuated. At present, PA66 has cost side support, but the profit situation of end users is not good, and the follow-up is insufficient. The upstream advantage is not reflected in the spot price of PA66, which may cause cost pressure in the later stage. The current off-season market is still more prominent, weak supply and demand. At present, there are some low price orders in the spot price, and it is expected that China PA66 market will be weak in the short term.

 

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