SunSirs: Market Performance is Balanced, China PA66 Market Remains Stable
October 19 2023 09:55:14 SunSirs (Selena)
The domestic PA66 market remained stable in the first half of October. According to data monitoring from SunSirs, the mixed benchmark price of PA66 in China was 20,166.67 RMB/ton on October 16th, with a 0% increase or decrease compared to the price level at the beginning of the month.
In the early peak season of PA66, there was an increase in market prices. Overall, after the holiday, the spot prices of various brands fluctuated horizontally. In terms of supply, the overall load of the domestic PA66 industry has been maintained at over 65% recently, which is basically horizontal compared to the previous period. The production line situation of the enterprise has remained stable with minor changes. The on-site supply of goods has been digested during the peak season, and the pressure on inventory positions is not significant. The support from suppliers is still sufficient. 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 market for hexamethylene diamine continues to be weak due to the weakness of the raw material pure benzene. On the market side, the quotation remained stagnant and trading was light. The cost side has poor support for the PA66 market. The current market performance is balanced, and the overall price of PA66 is sideways.
The spot price of PA66 remained stable in the first half of October. The price trend of raw materials is weak, and the cost support for PA66 is average. The load of PA66 enterprise is almost horizontal, and the inventory position is low. The demand side still focuses on maintaining production, and it is expected that PA66 may continue its sideways trend in the short term.
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