SunSirs: Market is Weak, China PA66 prices are Sideways afterFalling

The domestic PA66 market remained negative in the second week of July. According to data monitoring from SunSirs, the benchmark price of domestic PA66 was 19,166.67 RMB/ton on July 14th, with a decrease of -2.54% compared to the price level at the beginning of the month.

Last week, the PA66 market continued its previous weak trend, and overall, spot prices of various brands remained stable after falling. In terms of supply, the overall load of the domestic PA66 industry is currently maintained at over 60%, which is relatively flat compared to the previous period. The coexistence of enterprise construction and maintenance shows a trend of rotating negative reduction, but the on-site supply of goods is still relatively sufficient, so the supply side's support for spot goods is average. Poor digestion in terms of inventory, negative corporate confidence, and cautious pricing operations. In terms of upstream, the domestic Adipic acid market continued to decline, and the low start and low demand continued to play a game, increasing the decline. Hexamethylenediamine, a major international manufacturer in the early stage, significantly reduced the factory price, which had a negative impact on the spot of PA66. The raw material side of PA66 has poor support for spot goods. In terms of demand, the situation is stable with some weaknesses, and terminal enterprises mainly rely on goods to maintain production. Buyers generally resist high priced sources of goods. It is expected that PA66 may continue its weak consolidation in the short term.

The spot price of PA66 in the second week of July was mainly sideways. The price of raw materials has weakened, which has poor support for the cost of PA66. The load of PA66 enterprise is maintained, and the supply support is not obvious. The demand side takes goods to maintain production, and it is expected that PA66 may maintain a weak consolidation market in the short term.

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