SunSirs: Industry Load Decreased, PA66 Market Narrowly Repaired

Price trend

The domestic PA66 market trend underwent a narrow adjustment during the week. According to data monitoring from SunSirs, the average factory price of PA66 in China on May 22nd was 20,866.67 RMB/ton, an increase of 2.62% compared to the price level at the beginning of the month.

Analysis review

Last week, the PA66 market underwent a narrow adjustment, and overall, spot prices of various brands had increased. In terms of supply, the overall load of the domestic PA66 industry was around 66%, which had decreased compared to the previous period. The contraction of supply formed a certain support for the spot market, and after half a month of digestion, the market supply had decreased, and the supply side support rebounded. The pricing operation of enterprises was adjusted up in a narrow range, and the inventory pressure was general.

In terms of upstream, the raw material of adipic acid was relatively weak, while hexamethylene diamine was stable. Due to the lack of positive maintenance in the market, prices had remained stable for two consecutive weeks. The PA66 raw material end had average support for spot goods.

The demand situation was stable. Terminal enterprises maintained follow-up on their purchases, and buyers generally had limited acceptance of high priced sources. It is expected that PA66 may continue to consolidate its market in the short term

Market outlook

Last week, the spot price of PA66 repaired within a narrow range. The raw material market was weak, and the cost support for PA66 was average. The load of PA66 enterprise had decreased, supply had tightened, and the overall inventory position was average. The demand side purchased goods to maintain production. It is expected that in the short term, PA66 may be consolidated to be stronger supported by suppliers.

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