SunSirs: Market Performance Was Balanced, of PA66 Market Operated Stably
April 04 2023 14:15:54 SunSirs (John)
Price trend
The recent domestic PA66 market trend was sideways. According to data monitoring by SunSirs, on April 2, the average ex-factory price of domestic PA66 was 20,333.33 RMB/ton, a decrease of 3.17% compared to the price level at the beginning of March.
Analysis review
This week, the market for PA66 was stable, with limited changes in spot prices. On the supply side, as of the end of March, the overall load of the domestic PA66 industry was around 67%, almost unchanged from last week. Enterprise operations continued to be biased towards destocking, inventory pressure was general and on-site supply was relatively abundant. On the upstream side, the raw material hexamethylene diamine fluctuated in a narrow range, while pure benzene in adipic acid stopped falling and warmed up supporting costs. However, the load of adipic acid was on the high side before, and the market continued to decline under pressure. PA66 raw material side had poor support for spot goods. In terms of demand, the situation was stable and weak, and terminal enterprises followed up on their purchases just in needed. Buyers generally had strong resistance to high-priced sources of goods. It is expected that PA66 may continue to consolidate the market in the short term.
Market outlook
This week, the spot price of PA66 was stable. The raw material market was relatively soft, the support for PA66 cost side weakened. PA66 enterprise load was horizontal, and the overall inventory position was average. The demand side tooke goods to maintain production, and it is expected that PA66 will continue to operate horizontally in the short term.
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- 2024-03-29 SunSirs: The Cost Side is Strong, China PA66 Market slight Increases in March
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