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SunSirs: The Contradiction between Supply and Demand has weakened, China PA66 Market has eased

August 16 2022 14:41:47     SunSirs (Selena)

Price trend

According to the data of SunSirs, last week, the domestic PA66 market rose slightly from a low level, and the spot prices of various brands were mixed. As of August 12, the average ex-factory price of the PA66 medium-viscosity injection molding sample companies in SunSirs was about 21,150 yuan / ton, a change of 1.93% compared with the average price at the beginning of the month.

Market analysis

Industry chain: On the upstream side, the domestic adipic acid price continued its weak trend last week. Confidence in the upstream pure benzene market is not good, and the cost side is still bad. At present, the inventory pressure is not reduced, and the price reduction of manufacturers' warehouses has suppressed the market mentality, and the market demand is light. In addition, Tianchen Tianchen Qixiang's adiponitrile production line has started to ship domestic adiponitrile step by step, and began to replace some imported sources.

The upstream raw material adipic acid market is still weak, the news of adiponitrile continues to be negative, and the cost-side support of PA66 is weak. In terms of the operating rate of the industry, due to the continuous pressure on the profits of PA66 enterprises, the load level of the domestic PA66 industry continued to decline in the previous period. At present, the spot supply in the market has contracted, and the supply pressure has been partially eased. In terms of ports, the inventory position is acceptable, and the arrival volume of overseas sources is average. In terms of demand, the current terminal enterprises are more inclined to follow up with the goods to maintain production, and the resistance to high-priced supply is relatively strong. In the traditional off-season, downstream factories have shrunk in demand, and merchants have greater resistance to shipments. On-site transactions remained light. However, the reduction of low-end supply has strengthened the mentality of merchants, and the profit margin has narrowed, and individual brands of products have tried to rise.

Market forecast

The spot price of PA66 eased last week in China. The price of adiponitrile at the raw material end is weak, and the support at the cost end of PA66 is weakened. The load of PA66 enterprises is low, the contradiction between supply and demand in the field is weakened, the demand side is insufficient, and the transaction is light. It is expected that in the short term, PA66 may continue to be affected by the delay in downstream follow-up, and mainly focus on sorting operations.

 

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