SunSirs: The High Price of PA66 was Loose and the Demand was Insufficient in China in Early November
November 08 2022 10:25:21 SunSirs (Selena)
At the beginning of November, the domestic PA66 market was operating at a high price. According to the data monitoring of SunSirs, the average ex factory price of domestic PA66 was 25,250 RMB/ ton on October 30 and 25,250 RMB/ ton on November 5, with a weekly increase or decrease of 0% and -36.88% compared with the same period last year.
At the beginning of November, the price of PA66 was generally stable, but the market eased. The upstream raw material market is generally strong, and the cost side of PA66 is strongly supported. In terms of industry operating rate, PA66 enterprises were continuously affected by the tight supply of raw materials in the early stage, the industry load was limited, and the spot supply in the market was tight, but the inventory has increased recently. 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 prefer to maintain production just because they need to follow up on goods. The traditional peak season volume was less than expected, while the enthusiasm for downstream goods preparation is further reduced, and the resistance to high price goods is strong. The shipping speed of the merchants slowed down, and the goods in the yard were not smooth.
At the beginning of November, the spot price of PA66 was stable and weak. The raw material side market remained strong, and the cost side support of PA66 was fair. The load of PA66 enterprises is low, the enterprise's shipment is stable, and the overall inventory position is rising. It is expected that PA66 will weaken in the short term due to the lagging consumption.
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