Recently, the domestic PA66 market has remained strong at a high level. According to data monitoring from SunSirs, on March 29th, the domestic benchmark price of PA66 mixture was 22,900.00 RMB/ton, with a price increase or decrease of +1.03% compared to the beginning of the month.

Adipic acid: Due to the price increase of adipic acid after the Spring Festival, downstream follow-up has been poor recently, and the trend of adipic acid has gradually weakened. The price of raw material pure benzene fluctuates, and there is no positive release on the supply side. There is a certain accumulation of inventory at the end of the month, and the offer of adipic acid continues to loosen, weakening support for PA66.

Hexanediamine: In the early stage, international major companies have raised prices multiple times, but currently the hexanediamine market is still operating at a high level. The improvement of the tight supply pattern in the superimposed market is limited, and it is expected to maintain a high point in the short term; Overall, the cost of two materials, one strong and one weak, provides sufficient support for the PA66 market.

On the supply side, the operating rate of the domestic PA66 production line remained low last week. The overall industry load is over 62%. At present, the production of enterprises is stable and there is no accumulation of inventory. The price adjustment operation is clear, and the supplier's support is still sufficient.

In terms of demand: Last week, towards the end of the month, textile, electrical and modification enterprises followed a routine in stocking and consumption, while most of the procurement operations were focused on production. The main force of on-site trading is supported by the follow-up of demand, and the buyer camp has slight resistance to high priced goods. The trading firm's offer is at the market equilibrium point, and the price adjustment operation is active. The demand side has average support for PA66.

Last week, the spot price of PA66 remained strong at a high level. The raw material market is strong and weak, providing sufficient support for the cost side of PA66. The PA66 enterprise has a low level of horizontal load, and the inventory position is also low. The demand changes of terminal enterprises are limited. It is expected that the market will continue to operate steadily in the short term.

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