Price trend

In February, the trend of domestic PA66 market was sideways after falling. According to the monitoring of the data of the Business News Agency, the average ex-factory price of domestic PA66 was 21000 yuan/ton on February 28, with a decline of – 2.33% from the price level at the beginning of the month.

Cause analysis

In February, the market of PA66 was poor, and the spot price was stagnant after falling. In terms of supply, the overall monthly load of domestic PA66 industry is more than 65%. Enterprise operations continue to be biased towards destocking, with general inventory pressure and abundant supply of goods on the site. In the upstream, the operating rate of adipic acid raw material increased within the month, and the expected increase in supply in the later period was negative for the market. The supply of hexamethylene diamine is also expected to increase, and the support of PA66 raw material end to the spot is weakened. In terms of demand, the situation is weak and difficult to change. The terminal enterprises just need to follow up with the maintenance of goods. Buyers generally have strong resistance to high-priced supply. It is expected that PA66 will continue its weak consolidation market in the short term.

Aftermarket forecast

The spot price of PA66 was weak in February. The market at the raw material end weakened, weakening the support for PA66 at the cost end. The load of PA66 enterprises is stable, and the overall inventory position is average. The demand side is weak in taking goods, and it is expected that PA66 will continue to be weak in the short term.