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SunSirs: The Demand is Weak, China PA66 Market Prices are Falling
November 21 2022 09:39:45SunSirs(Selena)

In the middle of November, the domestic PA66 market trend was weak. According to the data monitoring of SunSirs, the average ex factory price of domestic PA66 was 25,250 RMB/ ton on November 1 and 24,500 RMB/ ton on November 18, respectively, with a range of - 2.97% and - 37.97% year-on-year.

In the middle of November, the price of PA66 fell and the price center decreased. The upstream raw material market is generally strong, and the cost end support of PA66 is fair. In terms of industry operation rate, PA66 enterprises continue to be affected by the tight supply of raw materials, the industry load is limited, the operation level is stable between 60% - 70%, and the market spot supply is tight. However, the inventory in the early stage rose to a certain extent. In terms of the port, the inventory position is acceptable, and the arrival of overseas goods is average. In terms of demand, the current terminal enterprises tend to maintain production just because they need to follow up on goods taking. At the end of the traditional peak season, the enthusiasm for downstream goods preparation is further reduced, and they have strong resistance to high price goods. The shipping speed of the merchants slowed down, and the goods in the yard were not smooth.

The spot price of PA66 fell in mid November. The raw material side market remained strong, and the cost side support of PA66 was fair. The load of PA66 enterprises stabilized, the enterprises reduced their prices and shipped goods, and the overall inventory position increased. The demand side just needs to follow up slowly, and it is estimated that PA66 in China will continue to operate in a weak way due to weak demand in the short term.

 

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