SunSirs: Cost Support, China PA66 Market Stops Falling and Stabilizes

Recently, the domestic PA66 market has shown a stable trend. According to data monitoring from SunSirs, the domestic benchmark price of PA66 mixture was 20,500 RMB/ton on January 12th, with a price increase or decrease of -0.16% compared to the beginning of the month.

Last week, the PA66 market remained stable with minor fluctuations, and spot prices stopped falling at the beginning of the week. The operating rate of the production line has remained low, with the overall industry load stabilizing at around 61%. During the week, the market supply of goods was tight, the inventory position was average, the pricing operation of enterprises was firm, and the support from suppliers was still sufficient. Downstream textile, electrical, and modification enterprises mainly maintain production as their main source of goods, with pre holiday stocking centered around weak and rigid demand, and weak support for spot goods on the demand side. On the upstream side, hexamethylene diamine was initially supported by high prices from international major factories, but recently, the supply side has seen all the positive news, and the price has generally entered a sideways trend. The market price of adipic acid has risen, providing stronger support for PA66. Overall, the cost side has strengthened its support for the PA66 market. At present, the supply and demand side of the market is weak, and the overall price of PA66 is sideways.

Last week, the spot price of PA66 remained stagnant. The price of raw materials increases and stabilizes, strengthening the support for the cost of PA66. PA66 enterprise has a low level of horizontal load, and the inventory position is still acceptable. The demand side still relies mainly on maintaining production, and it is expected that the weak supply-demand pattern before the holiday will not change. The PA66 market may continue to remain stagnant in the future.

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