Price trend

According to the data of business club’s block list, the domestic PA66 market fell slightly in the middle of June, and the spot prices of various brands were stable. As of June 21, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 39100 yuan / ton, a decrease of 0.76% compared with the average price at the beginning of the month, and a rise of 104.18% compared with the same period last year.

Cause analysis

Upstream adipic acid, since the domestic spot price fell sharply last month, the recent market to maintain horizontal consolidation operation. Affected by the continuous effect of relatively weak demand, it entered the current round of stalemate at the beginning of the month. Fortunately, the current operating rate is not high as a whole, and there are still some enterprises stopping for maintenance, so the supply of adipic acid is relatively limited. Market adipic acid lack of guidance, it is expected that the short-term spot price will continue the stalemate trend.

Raw material adipic acid runs sideways, PA66 cost side support is maintained, recent PA66 market performance for the typical off-season supply and demand two weak market, spot price narrow adjustment. The overall operating rate of domestic PA66 industry is still not high, and the performance of on-site cost support and supply side support is acceptable. In the off-season of rubber and plastic industry, the overall wait-and-see attitude of the industry is heavy, the merchants are flexible to negotiate the shipment, the consumption of end users is shrinking, and the purchasing power is insufficient. The resistance of high price source of goods is still large. Recently, the market atmosphere is light, the market inquiry is limited, and the actual single transaction is mainly small.

Future forecast

Analysts of business news agency think: in the middle of June, the domestic market of PA66 was stable and declined, and the profit situation of polymerization enterprises and end users was not ideal. In addition, the industry is in the off-season, and the consumption is low. Capacity loss and upstream cost support still exist, but the market atmosphere is weak and supply and demand are weak. It is expected that PA66 market will be easy to fall but difficult to rise in the short term.