SunSirs: Demand continues to Weaken, China PA66 Prices continue to Decline

The recent trend of the domestic PA66 market has remained negative. According to data monitoring from SunSirs, the benchmark price of domestic PA66 was 18,833.33 RMB/ton on July 21, a decrease of -4.24% 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 continued to decline. In terms of supply, the overall load of the domestic PA66 industry is currently maintained at around 65%, a narrow increase compared to the previous period. Some production lines of enterprises are only resuming work, and 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. Upstream, the domestic market of Hexamethylenediamine is weak. Adipic acid market rose, with both pure benzene and Cyclohexanone as raw materials during the week, and Adipic acid kept up. However, due to the price fluctuation in the early stage, the current Adipic acid has no obvious profit on the spot of PA66. PA66 raw material side has poor support for spot goods, and the demand situation is weak and stable. Terminal enterprises mainly rely on goods to maintain production, and buyers generally resist high priced sources of goods. It is expected that PA66 may continue its weak consolidation in the short term.

Last week, the spot price of PA66 mainly fell. The price trend of the raw material side is acceptable, but the support for the cost side of PA66 is average. The load of PA66 enterprise is maintained, and there is no significant improvement in supply support. The demand side takes goods to maintain production, and it is expected that PA66 may maintain a weak and vulnerable market in the short term.

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