SunSirs: Raw Materials Weakened, PA66 Prices Accelerated to Fall in China
December 06 2022 14:00:32 SunSirs (Selena)
At the beginning of December, the domestic PA66 market declined. According to the data monitoring of SunSirs, the average ex factory price of domestic PA66 was 23,000 RMB/ton on December 5, with a weekly rise and fall of -3.16%.
Recently, the price of PA66 has fallen, and the center of gravity of the offer has dropped significantly. In terms of upstream, domestic hexamethylene diamine declined due to the shock of crude oil, and pure benzene continued to be weak. Overlapping the market de stocking operation, the demand side was weak, the price fell, and the support for PA66 declined. In terms of industry operation rate, the recent load of PA66 industry is stable, with the operation level between 60% and 70%, and the market spot supply is stable and abundant. The social inventory rose. In terms of demand, last week, the terminal enterprises tended to maintain production just because of their demand for goods. The enthusiasm for downstream goods preparation was not good, and they had strong resistance to high price goods. The shipping speed of the merchants slowed down, and the goods in the yard were not smooth.
Recently, the spot price of PA66 fell. The raw material side market fell, and PA66 cost side support weakened. The load of PA66 enterprises stabilized, the enterprises reduced their prices and shipped goods, and the overall inventory position increased. It is expected that China PA66 will continue to operate in a weak way in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-05-14 SunSirs: China PA66 Price Remains Stable with Minor Fluctuations
- 2024-05-06 SunSirs: Fundamentally Balanced, High Sideways Trend in China PA66 in April
- 2024-04-30 SunSirs: Cost Pressure Continues, China PA66 Operates at a High Stalemate
- 2024-04-25 SunSirs: Balanced Market Performance, China PA66 Trading Fluctuates at a High Level
- 2024-04-18 SunSirs: Cost Support is Strong, with China PA66 Trading horizontally at a High Level
