SunSirs: Strong Cost Boost at the End of the Month, with China PA66 Market Stabilizing first and then Rising in October

After the domestic PA66 market stabilized in October, it rose. According to data monitoring from SunSirs, the mixed benchmark price of PA66 in China was 21,400 RMB/ton on October 31st, a 6.12% increase or decrease from the price level at the beginning of the month.

At the beginning of October, PA66 took over the traditional peak season market and remained stable at high levels without pressure. In mid October, the spot prices of various brands have remained stable. In terms of supply, the overall load of the domestic PA66 industry remained above 65% for the entire month, which was basically flat compared to the previous period. The production line of the enterprise is in a stable and dynamic situation, with the on-site supply of goods being digested during the peak season, inventory positions being low, and strong supplier support. Terminal enterprises still focus on maintaining production while stocking up on demand, while the demand side has a decent support for spot goods. On the upstream side, domestic hexamethylene diamine is operating smoothly, with supply tightening at the end of the month. At the same time, prices have risen due to the impact of price hikes by international large factories. The adiponitrile market was mixed in both short and long positions, with weak volatility during the month. The cost side's boost to the PA66 market mainly comes from hexamethylene diamine. The current market performance is strengthening, and the overall price of PA66 is rising.

In October, the spot price of PA66 stabilized first and then increased. The price of raw materials has risen at the end of the month, enhancing support for the cost side of PA66. 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 to operate stronger in the short term.

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