SunSirs: The Industry Load Decreased, and the Weakness of PA66 Market Was Alleviated

Price trend

In May, the PA66 market in China underwent a narrow adjustment. According to data monitoring from SunSirs, the average factory price of PA66 in China on May 16th was 20,766.67 RMB/ton, with a price increase of 2.13% compared to the beginning of the month.

Analysis review

Last week, the PA66 market underwent a narrow adjustment, and overall, the spot prices of various brands had increased over the past half month. In terms of supply, as of the 16th, the overall load of the domestic PA66 industry was below 66%, which had decreased compared to the previous period. The contraction of supply formed a certain support for the spot market, but the overall market supply was still abundant, and the price increase of PA66 was limited. The pricing operation of enterprises was stable, and inventory pressure was average.

On the upstream side, the market for raw material hexamethylene diamine was stable, while the market for adipic acid was fluctuating. A large number of overhauled devices will alleviate the weakness of demand. In the future, it may continue to be bearish due to the weakness of crude oil. The PA66 raw material end had average support for spot goods.

In terms of demand, the situation was stable with some weaknesses, and terminal enterprises purchased goods to maintain the rigid demand follow-up. Buyers generally had limited acceptance of high priced goods. It is expected that PA66 may continue to consolidate its market in the short term.

Market outlook

Last week, the spot price of PA66 remained stable. The raw material market remained stable with minor fluctuations, providing average support for the cost side of PA66. The load of PA66 enterprise had decreased, supply had tightened, and the overall inventory position was average. The demand side purchase goods to maintain production, and it is expected that in the short term, PA66 may be stronger supported by suppliers.

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