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SunSirs: Shortage of Raw Materials, China PA66 Rose again in March

April 09 2021 11:06:02     SunSirs (Selena)

According to the data of SunSirs, the domestic PA66 market continued to be active in March, and the spot prices of various brands continued to rise. As of April 1, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 42,900 RMB/ ton, with an increase of 17.53% compared with the average price at the beginning of the month and 96.34% compared with the same period last year. The price position has broken through the historical high.

The supply contraction pattern of PA66 upstream products continued, and the capacity loss of crude oil and chemical enterprises affected by the cold disaster in the United States recovered slowly. Domestic import volume of adiponitrile and hexanediamine continued to be low, and quotation of relevant international large manufacturers remained high. At present, the supply of goods in the market is tight, and there is no obvious sign of improvement in the pattern. The upper spot price is mainly high.

The upstream price position was high, and the domestic PA66 price continued to rise in March. The range of spot offer is about 44,000 RMB/ ton to 44,500 RMB/ ton, and the quotation has broken through the historical high. The shortage of raw materials has caused polymerization enterprises not to get enough raw materials for production. At present, there is a general shortage of raw materials in domestic PA66 polymerization plants, and the overall operating rate of the industry has dropped to about half. Pingdingshan Shenma, Huafeng Group and other PA66 domestic manufacturers continue the strategy of no quotation to the outside world, and have no pressure on inventory, mainly supplying contract customers. The inventory in the hands of dealers further declined, and the operation was biased towards high report and reluctant to sell. Downstream demand is dominated by rigid demand procurement, and the shortage of non major customer factories may be even worse.

SunSirs analysts believed: in March, the domestic PA66 market continued to rise due to the continuous shortage of upstream supply, and the spot price rose again. In the short term, the supply improvement signal of upstream products is insufficient, and the cost pressure of PA66 is further increased. The market performance in the past week is mainly high and stable. It is expected that China PA66 market will remain high in the short term.


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