SunSirs: Cost and Inventory Support, China PA66 Market Rises in September

The domestic PA66 market showed a positive trend in September. According to data monitoring from SunSirs, the mixed benchmark price of PA66 in China was 20,166.67 RMB/ton on September 30th, with a +9.40% increase or decrease compared to the price level at the beginning of the month.

In September, the market price of PA66 rose, and overall, spot prices of all brands have increased. In terms of supply, the overall load of the domestic PA66 industry remained above 65% during the month, which was basically flat compared to the end of August. The production line situation of the enterprise has remained stable with minor changes. After the on-site supply of goods has been digested within a month, the overall inventory is not under pressure, and the support from suppliers is strengthening. Terminal enterprises still focus on maintaining production, with weak demand for on-site stock preparation, and moderate support for spot goods on the demand side. On the upstream side, the domestic supply of hexamethylene diamine remains tight, and the market continues to be strong. The adipic acid market rose and then fell, while the trend of raw material pure benzene gradually weakened. The cost side's support for the PA66 market is mainly concentrated in the aspect of hexamethylene diamine. At present, the main positive guidance in the market is focused on supplier price support, and the overall price of PA66 has increased significantly.

The spot price of PA66 strengthened in September. The price of raw materials fluctuates with each rise, providing reasonable support for the cost side of PA66. The load of PA66 enterprise is almost horizontal, the inventory position is low, and the supply support is significant. The demand side still focuses on maintaining production, and the acceptance will be affected to some extent after price increases. It is expected that PA66 will continue to operate strongly in the short term.

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