In November, the domestic PA66 market saw a narrow decline. According to data monitoring by SunSirs, the domestic PA66 mixed benchmark price was 21,333.33 RMB/ton on November 30th, with a price increase or decrease of -0.78% compared to the beginning of the month.

At the beginning of the month, PA66 took over the previous high market trend, and the market showed a narrow retracement of the previous super rise. Overall, the spot prices of various brands remained stable throughout the month. There has been little change in the operating rate of the production line within the month, and the overall industry load has remained stable at around 65%, which is basically horizontal compared to the previous period. The supply of goods on site is moderate, the inventory position is low, and the pricing operation of enterprises is stable with small fluctuations. The support from suppliers is still sufficient. Terminal enterprises still rely on maintaining production as their main source of goods, with on-site stocking centered around essential needs, and weak support from the demand side for spot goods. On the upstream side, the domestic supply of hexamethylene diamine is tight, and the price remains high due to the previous price hikes by international large factories. Adipic acid market bearish guidance, price bearish decline. The support from the cost side for the PA66 market is still concentrated on hexamethylene diamine. At present, the market supply and demand are not strong, and the overall price of PA66 is weak and stable.

The spot price of PA66 fell narrowly in November. The price of raw materials varies from high to low, which generally supports the cost of PA66. The load of PA66 enterprise is almost horizontal, and the inventory position is low. The demand side still focuses on maintaining production, and it is expected that PA66 will continue to consolidate and operate in the short term.

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