SunSirs: Supply and Demand are Weak after the Spring Festival, China PA66 Market is General

Since the beginning of 2023, the price fluctuation of engineering plastics products has been relatively small. According to the data monitored by the Business News Agency, as of January 29, the growth rate of various engineering plastics varieties from high to low compared with the beginning of the month was PA6+3.25%, PC+0.29%, PET+0.14%, PA66 0%, POM 0%.

In January, there were many holidays before and after the New Year's Day and the Spring Festival, and most of the operators were shut down and delisted. The supply and demand of the industry both weakened, and the market momentum declined. At the same time, following the global inflation pattern last year, the profitability of engineering plastics manufacturing enterprises was weakened, and the operating risks of factories at all levels remained. Combined with the sharp decline of international oil prices at the beginning of the year, the common remote cost of the plastic industry has weakened. The benefits of the stock boom were mostly offset by the bad news in all aspects. On the whole, the market momentum of the engineering plastics industry was weak in January, and the price was stable and small.

In January, the market of PA66 in engineering plastics was relatively calm. On the upstream side, the domestic hexane diamine price was stable in this month, and Tianchen Qixiang hexane diamine plant was shipped normally. Adipic acid was driven by pure benzene, and increased after the festival, and the support of PA66 cost was moderate. The operation of PA66 enterprises follows the trend of destocking in the early stage, and the inventory pressure is acceptable. The industry load is about 65%, and the supply is relatively abundant. In terms of demand, terminal enterprises just need to follow up with the goods, and the effect of the pre-holiday stock tide is not obvious. Buyers are generally strongly resistant to high-priced goods, and are also relatively cautious about price reduction. The smoothness of merchants' delivery is average. The PA66 market was in a stalemate across the board in January. It is expected that the domestic market will continue to be stalemate in the short term.

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