SunSirs: Cost and Inventory Support, China PA66 was Rising in Early September

Recently, the domestic PA66 market has shown a strong trend. According to data monitoring from SunSirs, the mixed benchmark price of PA66 in China was 19,066.67 RMB/ton on September 8th, an increase of +3.44% compared to the price level at the beginning of the month.

In early September, the market price of PA66 rose, and overall, spot prices of various brands increased. In terms of supply, the overall load of the domestic PA66 industry last week remained at around 65%, operating horizontally compared to the previous period. The changes in the production line situation of the enterprise are limited, and the supply of goods on site has decreased, while the support from suppliers has rebounded in a narrow range. Terminal enterprises still focus on maintaining production while their inventory digestion speed is average. On site stocking is mainly based on demand, and the demand side has a moderate support for spot goods. On the upstream side, domestic supply of hexamethylene diamine has also tightened, and the market has started to strengthen. In terms of adipic acid market, there has also been an increase this week, with the trend of raw material pure benzene being strong. Strengthen the promotion of PA66 spot prices on the cost side. Affected by favorable costs and supply side conditions, PA66 continued to strengthen its consolidation and operation this week.

At the beginning of September, the spot price of PA66 was relatively strong. The overall price trend of raw materials is relatively strong, increasing support for the cost side of PA66. The load of PA66 enterprise is almost horizontal, with inventory positions decreasing and supply support slightly improving. The demand side still focuses on maintaining production, and it is expected that PA66 will continue to operate strongly in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.