SunSirs: Raw Materials Continue to be in Demand, China PA66 Market is Rising steadily

According to the bulk data of SunSirs, the price of domestic PA66 market rose in the first half of October, and the spot price of various brands rose steadily. As of October 14, the ex factory price of the glue injection molding sample enterprises in the business agency PA66 was about 25,000 RMB/ ton on average, up and down by +1.01% compared with the average price at the beginning of the month.

The supply of hexamethylene diamine continued to be tight, and merchants were reluctant to sell. The market is improving, and enterprises and merchants have raised their offers.

The upstream raw material market is strong, and the cost side of PA66 has strong support. In terms of industry operating rate, recently, PA66 enterprises have been affected by the tight supply of raw materials, and the industry load has been limited to a certain extent. The market spot supply is tight, and there is no inventory pressure. The spot market is supported by the supply side. In terms of the port, the inventory position is acceptable, and the arrival of overseas goods is average. In terms of demand, the current terminal enterprises tend to maintain production just because they need to follow up on the delivery of goods, and their acceptance of high priced goods is general. At present, it is still in the traditional demand peak season of "Silver Ten". Although the demand release of downstream factories is not as good as that of previous years, the merchants have a stable mentality, and the shipments continue to increase. The deals on the market are average, and the supply of low-cost goods decreases.

SunSirs analysts believe that the spot price of PA66 in the first half of October has risen steadily. The raw material side market remained strong, and the cost side of PA66 was strongly supported. The load of PA66 enterprises is low, the supply side is fair, and the demand side is mainly just in need of goods. It is estimated that PA66 in China will continue to be boosted by the cost side in the short term.

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