Price Trend

According to the data of the business associations’list, the domestic PA66 market fell weakly in August and the price fell. As of August 28, the average price of viscous injection grade mainstream offer in PA66 was about 24450.00 yuan/ton, which was 5.96% lower than that at the beginning of the month.

Analysis of influencing factors:

PA66 upstream adipic acid market rebounded at the end of the month, prices rebounded and soared. In August, the market atmosphere was slightly stalemate, the market performance was weak and the turnover was general. Distributors actively shipped mainly, and the market remained weak and shocky. At present, the downstream market has a heavy wait-and-see mentality, plain enthusiasm for stockpiling, and mainly buys on demand. Social inventory showed some pressure and shipment strength slightly declined. On the supply side, the market supply is stable, partly showing excessive supply. Some distributors in eastern China said that the inventory pressure was high, the plant start-up rate was high, and the market inventory and manufacturer Inventory were rising. It is expected that adipic acid market will continue to maintain a narrow adjustment pattern in the short term.

Spot supply of PA66 market is abundant this month, downstream factories just need to take goods, demand has not improved and continued to weaken. Market buy gas is insufficient, business people have a heavy wait-and-see mentality, and most of the transactions are flexible and detailed. In the mid-term, the news of US tariff postponement was positive, and the terminal market warmed slightly, with limited impact on the PA66 market as a whole. In addition, Qixiang announced in July that the capacity expansion of adiponitrile, an important intermediate in the production of PA66 engineering plastics in China, has become a foregone conclusion, and the cost of PA66 will be gradually reduced by the support of adiponitrile in the macro future. It is expected that China’s PA66 market will be a long-term impact. Under the background of imbalance between supply and demand, it added negative factors in terms of cost and face, and the market trend was difficult. In August, domestic PA66 fell weakly.

Future forecast:

Business analysts believe that the domestic PA66 market fell weakly in August. At present, the spot supply is abundant in the field, and the enthusiasm of downstream stock is not high, so the strategy of just taking goods is adopted. The market is short of buying gas, the traders are passive and wait-and-see, and the transactions are many facts and detailed. In the mid-term, Sino-US trade frictions eased off and had little impact on PA66 prices. And the cost of adipic acid from this month’s support is not good, it is expected that the near future PA66 disk will continue to be weak finishing.