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SunSirs: The Shortage of Raw Materials Reduced the Industry Burden, China PA66 was Strong

http://www.chemnet.com   Aug 10,2021 SunSirs

  According to the bulk list data of SunSirs, the domestic PA66 market was generally stable in the first week of August, and the spot prices of various brands were stable and small. As of August 9, the average offer price of PA66 adhesive injection molding sample enterprises of business society was about 38,250 yuan / ton, an increase of 0.26% over the average price level at the beginning of the month and 104.00% over the same period last year.

  Upstream, the spot price of adipic acid fell due to the correction of the high price of pure benzene in the early stage. In terms of raw materials, adiponitrile is in short supply, and the price market strongly supports the cost side of PA66. Due to the strength of the cost side, PA66, which has been weak for a long time in the off-season, has heated up recently. In terms of industrial load, some units have resumed work before, but at present, the raw materials are short-term, the polymerization enterprises are forced to reduce the burden, and many manufacturers reduce the operating rate again. In terms of demand, at present, the terminal enterprises follow up slowly, and the purchase operation is biased towards just demand, mainly bargain hunting. There was a heavy wait-and-see atmosphere in the venue, and the current situation improvement of the two weak patterns of supply and demand was limited. Merchants tentatively hold firm in their offer, and the price is adjusted and operated in a narrow range.

  SunSirs analysts believe that the PA66 market rose steadily in early August. At present, the cost side of PA66 is in short supply, the manufacturer passively reduces the negative due to the lack of raw materials, and the spot price follows the rise of raw materials. Demand follow-up has not improved. In the current off-season market with weak supply and demand, the buyer and the seller are mainly in a stalemate game. It is expected China PA66 market will be strong in the short term.

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