Terminal acceptance rebounded and PA66 prices rose at a low level in August

Price trend

The recent trend of the domestic PA66 market tends to be sideways. According to data monitoring from Business Society, the mixed benchmark price of PA66 in China was 18433.33 yuan/ton on August 31st, with a+1.28% increase or decrease compared to the price level at the beginning of the month.

Cause analysis

The market volatility of PA66 in August was relatively strong, and overall, spot prices of various brands showed a narrow increase. In terms of supply, the overall load of the domestic PA66 industry remained around 65% during the month, and it is currently operating horizontally compared to the previous period. The changes in the production line of the enterprise are limited, and the on-site supply of goods is still relatively sufficient. The acceptance of low-priced spot goods by the supply side has rebounded, but due to the fact that terminal enterprises still focus on maintaining production, the inventory digestion speed is average. The enthusiasm for stocking on site is not high, and the demand side has a moderate level of support for spot goods. At the same time, supplier pricing operations are often cautious. On the upstream side, the domestic market for hexamethylene diamine is relatively weak. In terms of adipic acid market, the trend was sideways after rising, with raw materials such as pure benzene and cyclohexanone showing a strong trend. The promotion of PA66 spot prices on the cost side is relatively strong. Affected by a slight improvement in costs and demand, PA66 continued to strengthen its consolidation and operation in August.

Future Market Forecast

The spot price of PA66 fluctuated strongly in August. The overall price trend of raw materials is relatively strong, and the support for the cost side of PA66 is still acceptable. The load of PA66 enterprise is almost horizontal, and there is no significant improvement in supply support. The demand side takes goods to maintain production, and it is expected that PA66 may maintain horizontal consolidation in the short term.