SunSirs: Market Performance is balanced, China PA66 operates in a Stalemate

The recent trend of the domestic PA66 market tends to be sideways. According to data monitoring from SunSirs, the mixed benchmark price of PA66 in China was 18,333.33 RMB/ton on August 14th, with a +0.73% increase or decrease compared to the price level at the beginning of the month.

The recent market trend of PA66 has continued to be sideways, and overall, the spot prices of various brands are mainly organized. In terms of supply, the overall load of the domestic PA66 industry is currently maintained at around 65%, and it operated horizontally last week compared to the previous period. The changes in the production line situation of the enterprise are limited, and the on-site supply of goods is still relatively sufficient. The supply side's support for spot goods is average. Poor digestion in terms of inventory, low enthusiasm for stocking by terminal enterprises, and cautious pricing by suppliers. On the upstream side, the domestic market for hexamethylene diamine is relatively weak. In terms of adipic acid market, the trend was sideways after rising, with raw materials such as pure benzene and cyclohexanone showing a strong trend. The promotion of PA66 spot prices on the cost side is relatively strong. The demand for PA66 is weak, with terminal enterprises mainly relying 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.

Recently, the spot price of PA66 has seen a sideways trend. The market pattern of raw material prices continued in the early stage, with general support for the cost side of PA66. The load of PA66 enterprise remains unchanged, 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 horizontal consolidation in the short term.

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