The domestic PA66 market declined in early December. According to the data monitoring of SunSirs, the average ex factory price of domestic PA66 was 22,250 RMB/ton on December 11, up or down by -4.30% from the beginning of the month.

Recently, the price of PA66 has fallen, and the center of gravity of the offer has dropped significantly. In terms of upstream, domestic hexamethylene diamine declined due to the shock of crude oil, and pure benzene continued to be weak. Overlapping the market de stocking operation, the demand side was weak, the price fell, and the support for PA66 declined. In terms of industry operating rate, the recent load of PA66 industry is stable, with the operating level between 60% and 70%. The spot supply in the market is stable and abundant, and the social inventory pressure is high. In terms of demand, the terminal enterprises just need to follow up this week in order to get goods. The enthusiasm for downstream goods preparation is not good. They have strong resistance to high price goods and are relatively cautious about price reduction. The shipping speed of the merchants slowed down, and the goods in the yard were not smooth.

Recently, the spot price of PA66 continued to decline. The raw material side market fell, and PA66 cost side support weakened. The load of PA66 enterprises stabilized, the enterprises reduced the price and shipped goods, and the overall inventory position was high. The demand side just needs to follow up the goods slowly, and it is expected that PA66 will continue to operate in a weak way in China in the short term.

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