1、 Price trend

According to the data of the bulk list of business agencies, the market trend of domestic PA66 market in the second half of March was weak, and the price was mostly reduced. As of Friday, March 27, the average price of the mainstream offer of PA66 is about 21850.00 yuan / ton, down 1.80% from the previous average price level in the second weekend of March.

Analysis of influencing factors:

The domestic market of adipic acid in the upper reaches of PA66 continued to be weak in the near future. Compared with that in the first half of the month, the price of dealers continued to be lowered. At present, adipic acid dealers are affected by the national health events, and the market entry situation is still not as good as that before. The market transportation situation is stable, but the shipment situation is not ideal due to the weak downstream demand. At present, the manufacturer’s operating rate remains stable and the inventory pressure is average. At present, under the situation of international crude oil and chemical industry market decline, adipic acid cost end support is weak, and it should maintain weak in the near future; while domestic PA66 market atmosphere remains cold, and the market is relatively weak. In terms of supply, the logistics resistance is gradually alleviated, and the old topic of supply and demand imbalance is highlighted in the field. At present, PA66 has sufficient spot goods, low starting load of downstream plants and weak demand. The enthusiasm of the participants is general, the on-site trading is rigid, and there is little large-scale stock up.

Future forecast:

Business analysts believe that: in the second half of March, the domestic PA66 market continued to adjust its weakness. The spot price of adipic acid in the upstream continued to decline, which gave poor support to the cost side of PA66. The return rate of downstream factories still needs to be improved. The strategy of “just need to take delivery” is generally implemented, and the demand is very limited. The market atmosphere is oversupplied, and the industry has insufficient confidence in the future market. It is expected that PA66 market will not improve in the short term.