Price trend
According to the data of the business club’s block list, the domestic PA66 market fluctuated in early June, and the spot prices of various brands fluctuated. As of June 10, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 39500 yuan / ton, a decrease of 0.25% compared with the average price at the beginning of the month, and a rise of 110.11% compared with the same period last year.
Cause analysis
Upstream adipic acid, since the domestic spot price fell sharply last month, adipic acid market was in a horizontal stalemate in the first ten days of this month. Under the influence of relatively weak demand, the price lost its direction. In terms of operating rate, adipic acid enterprises maintain a high load, enterprise inventory gradually increases, and supply pressure time may be prolonged. It is expected that the price of adipic acid is easy to fall but difficult to rise, and the stalemate may continue in the short term.
Adipic acid raw materials run sideways, PA66 cost side support still exist, the recent PA66 market continued to supply and demand two weak pattern and narrow volatility. The overall operating rate of domestic PA66 industry is still not high, and some devices of Henan Shenma and other enterprises are still under maintenance. On site cost support and supply side support are still in place, but it is in the off-season of the rubber and plastic industry, the end-user consumption is shrinking, and the purchasing power is insufficient. In addition, the wait-and-see atmosphere is strong, the high price source of goods is contradicted, and the merchants’ shipment follows the market, and the negotiation is loose. I heard that the recent inquiries are limited, the actual orders are mainly small, and the market atmosphere is not active.
Future forecast
Analysts from business news agency said: in early June, the dual pressure pattern of high cost and shipping resistance in domestic PA66 market did not improve, and the profit situation of polymerization enterprises and end users was poor. Low consumption in the off-season, weak market atmosphere, weak supply and demand, weakening production capacity loss and upstream cost support. PA66 market is expected to continue weak trend in the short term.
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