SunSirs: Raw Materials Continued to Be in Demand, and PA66 Market Was Stable and Rose

Price trend

According to the monitoring data of SunSirs, the domestic PA66 market price rose in the first half of October, and the spot prices of various brands were stable and rose. As of October 14, the ex factory price of injection molding sample enterprises with medium viscosity of PA66 from SunSirs was about 25,000 RMB/ton on average, up and 1.01% compared with the average price at the beginning of the month.

Analysis review

Industrial chain: In terms of upstream, the domestic adipic acid rose sharply recently, the operating rate of enterprises was generally low after the festival, the suppliers were generally supporting the market, and the manufacturer's inventory pressure was relieved. The supply of hexamethylene diamine continued to be tight, and merchants were reluctant to sell. The market was improving, and enterprises and merchants raised their offers.

The upstream raw material market was strong, and the cost side of PA66 had strong support. In terms of industry operating rate, recently, PA66 enterprises were affected by the tight supply of raw materials, and the industry load was limited to a certain extent. The market spot supply was tight, and there was no inventory pressure. The spot market was supported by the supply side. The inventory at the port was fair, and the arrival of overseas goods was average. In terms of demand, the current terminal enterprises which followed up to take goods tended to just maintain production and they did not accept high priced goods. At present, it is still in the traditional demand peak season of "Silver October". Although the demand release of downstream factories was less than that of previous years, the merchants had a stable mentality, and the shipment continued to increase. The deal on the market was average, and the low price supply decreased.

Market outlook

Analysts from SunSirs believe that the spot price of PA66 in the first half of October was stable and rose. The raw material side market remained strong, and the cost side support of PA66 was strong. The load of PA66 enterprises was low, the supply side was fair, and the demand side was dominated by rigid demand. It is expected that PA66 will continue to be strong boosted by the cost side in the short term.

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