SunSirs: Weak Supply and Raw Materials, China PA66 Market Decline Again

https://www.chemnet.com   Jun 13,2023 SunSirs

　　Recently, the domestic PA66 market has fallen again. According to data monitoring from SunSirs, the average factory price of PA66 in China on June 9th was 20,333.33 RMB/ton, with a price increase or decrease of -2.56% compared to the beginning of the month.

　　Last week, the weak market situation in PA66 continued, and overall, spot prices of various brands generally declined. In terms of supply, the overall load of the domestic PA66 industry remained above 60% this week, which has decreased compared to the previous period. The coexistence of enterprise construction and maintenance shows a trend of rotating negative reduction, but the on-site supply is relatively sufficient, so the supply contraction is not significant in supporting the spot goods. Poor inventory digestion has affected corporate confidence, and pricing operations are cautious. In the upstream, the market for raw material Hexamethylenediamine was average, while that for Adipic acid fell sharply. The raw material pure benzene has been sorted out after a decline, and downstream demand has obvious off-season characteristics, resulting in a lack of positive guidance in the market. The raw material side of PA66 has poor support for spot goods. In terms of demand, the situation is stable with some weaknesses, and terminal enterprises mainly rely on goods to maintain production. Buyers generally have limited acceptance of high priced sources of goods. It is expected that PA66 may continue its weak consolidation in the short term.

　　Last week, the spot price of PA66 fell weakly. The weakening of the raw material market has led to poor support for the cost side of PA66. The load of PA66 enterprise is maintained, and the supply support is not obvious. The demand side takes goods to maintain production, and it is expected that China PA66 may maintain a weak consolidation market in the short term.

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