Price trend

Recently, the domestic PA66 market has remained strong at a high level. According to data monitoring from Business Society, on April 28th, the domestic benchmark price of PA66 mixture was 22900.00 yuan/ton, which remained unchanged from the beginning of the month.

Cause analysis

On the cost side:

This week, the adipic acid market was operating sideways, with a continued upward trend and consolidation pattern at the end of the month. The external supply price has flattened expectations, with an increase in domestic supply and a slight improvement in the tight on-site supply situation. Downstream new orders are relatively few, and the market atmosphere is cautious. Hexanediamine is also operating at a high level with strong support from overseas large factories in terms of high priced supply; Overall, the support of costs for the PA66 market is still acceptable.

In terms of supply:

This week, the operating rate of domestic PA66 production lines remained stable. The overall industry load is around 66%. The production of the enterprise is stable, and there is no obvious accumulation of inventory. The supplier’s price adjustment operation is clear, and the support is still sufficient.

In terms of demand:

As the end of the month approaches, textile, electrical, and modification enterprises follow a routine in stocking and consumption, with most of their procurement operations maintaining production as the main focus. The main force of on-site trading is supported by the follow-up of demand, and the buyer camp has slight resistance to high priced goods. There has been no increase in stocking before the holiday. Traders offer stable prices, with average support for PA66 on the demand side.

Future Market Forecast

This week, the spot price of PA66 remained stagnant at a high level. The raw material market still supports the cost side of PA66. PA66 enterprise has a low load and stable supply. The demand follow-up of terminal enterprises is average. It is expected that the market will continue to operate steadily in the short term.