SunSirs: Cost Support is Strong, with China PA66 Trading horizontally at a High Level

Recently, the domestic PA66 market has remained strong at a high level. According to data monitoring from SunSirs, on April 16th, the domestic benchmark price of PA66 mixture was 22,900.00 RMB/ton, which remained unchanged from the beginning of the month.

Adipic acid: Recently, crude oil has continued to operate at high levels, which is beneficial for the market of adipic acid raw materials. At the beginning of the month, the operating rate of domestic adipic acid plants was low, and large factories generally raised their listing prices.

Hexanediamine: Although the supply situation has slightly improved, the current market for hexanediamine is still operating at a high level and remains strong. At the same time, it is not ruled out that international giants may raise prices again in the future market; Overall, the support of costs for the PA66 market is still acceptable.

In terms of supply: Recently, the operating rate of domestic PA66 production lines has remained low. The overall industry load is around 62%. At present, the production of enterprises is stable and there is no accumulation of inventory. The price adjustment operation is clear, and the supplier's support is still sufficient.

In terms of demand: Recently, as the end of the month approaches, textile, electrical, and modification enterprises have been following a routine in stocking and consumption, with most of their procurement operations being focused on production. The main force of on-site trading is supported by the follow-up of demand, and the buyer camp has slight resistance to high priced goods. The trading firm's offer is stable. The demand side has average support for PA66.

Recently, the spot price of PA66 has remained strong at a high level. The raw material market still supports the cost side of PA66. PA66 enterprise has a low load and stable supply. The demand changes of terminal enterprises are limited. It is expected that the market will continue to operate steadily in the short term.

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