SunSirs: Demand Continued to Be Weak, and PA66 Market was weak and Sideways
March 16 2023 13:14:08 SunSirs (John)
Price trend
In the first ten days of March, the domestic PA66 market was sideways after falling. According to the monitoring of the data of SunSirs, the average ex-factory price of domestic PA66 was 20,666.67 RMB/ton on March 10, down by 1.59% from the price level at the beginning of the month.
Analysis review
In the first ten days of March, the market of PA66 was weaker, and the spot price was stagnant after falling. n terms of supply, the total monthly load of domestic PA66 industry was more than 65%, which was the same as last week. Enterprise operations continued to be biased towards destocking, with general inventory pressure and abundant supply of goods on the site.
In the upstream, the raw material of adipic acid fluctuated narrowly, the industrial load of adipic acid was increased, the supply was increased, the market participants were cautious in operation, and the market was sorted out.
The support of PA66 raw material end for the spot was general. In terms of demand, the situation was weak and difficult to change. The terminal enterprises followed up just in needed. Buyers generally had strong resistance to high-priced supply.
Market outlook
This week, the spot price of PA66 was stagnant. The market at the raw material end was weak, and the support for the cost end of PA66 was general. The load of PA66 enterprises was stable, and the overall inventory position was average. The demand side was weak in taking goods, and it is expected that PA66 will continue to be weak in the short term.
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