PA66's Price Was Stable At The Beginning Of November
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PA66's Price Was Stable At The Beginning Of November

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1.Price Trend

According to the data of SunSirs, the market of PA66 in China was stable in the first ten days of November, and the spot price was sideways. As of November 13, the average offer price of PA66 medium viscosity injection molding grade mainstream was about RMB 23100.00 yuan / ton, which was the same as that at the beginning of the month.

2.Cause analysis

The adipic acid in the upper reaches of PA66 is still in a weak market in the near future. Although the price has stopped falling, it is still in a depressed situation. Basically, loose supply and weak demand are still the main factors that hinder adipic acid from rebounding, and the upstream raw material market has not brought much boost. At present, the weak demand in the downstream of adipic acid, together with the increase of supply, leads to the increase of social inventory pressure. The market has been in the de stocking stage since October. At present, this process is not over, which is also an important reason why the price has not changed. In terms of region: the prices in East China and South China have not changed much, and some dealers have slightly weakened, but the range is limited. The market atmosphere is a little cold, dealers actively give priority to profit delivery, and the market maintains a weak and volatile pattern. At present, the downstream market still generally holds a wait-and-see attitude, and the transaction is slightly deadlocked. In addition, the upstream cost side slightly improved, pure benzene ended the downward shock pattern, rebounded slightly, but the strength was not strong, and did not bring too much positive effect to the adipic acid market. It is expected that the market will remain sluggish in the near future; in early November, the domestic PA66 market is temporarily abundant in spot supply, and downstream factories are still just in need of goods, with no improvement in demand. The market is generally bullish, and the mentality of the operators is limited. At the end of October, the merchants tried to hold up the price. At present, the price is weak, and the overall market of PA66 shows a stable trend.

3.Future Market Forecast

According to analysts of SunSirs, the market of PA66 in China was stable in early November. The upstream adipic acid is weak, and the cost of PA66 is not well supported. There is no improvement in the enthusiasm of downstream stock up, and replenishment is just needed. The market is generally buying gas, and the industry is mainly in wait-and-see attitude. PA66 is expected to be stable in the near future.