Price trend

In February, the trend of domestic PA66 market was sideways after falling. According to the monitoring of the data of SunSirs, the average ex-factory price of domestic PA66 was 21,000 RMB/ton on February 28, with a decline of 2.33% from the price level at the beginning of the month.

Analysis review

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 was more than 65%. Enterprise operations continued to be biased towards destocking, inventory pressure was general and supply of goods on the site was abundant. 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 was also expected to increase, and the support of PA66 raw material end for the spot was weakened. In terms of demand, the situation was weak and difficult to change. The terminal enterprises follow-up just maintained taking goods on demand. Buyers generally had strong resistance to high-priced supply. It is expected that PA66 will continue its weak consolidation market in the short term.

Market outlook

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 was stable, and the overall inventory position was average. The demand side was weak in taking goods, and it is expected that PA66 will continue to be weaker in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com