Recently, the domestic PA66 market has experienced a significant decline. According to data monitoring from SunSirs, on May 28th, the domestic benchmark price of PA66 mixture was 21,833.33 RMB/ton, with a price increase or decrease of -4.66% compared to the beginning of the month.

Recently, the supply of adipic acid has increased, putting some pressure on the supply side. At the same time, in terms of diamine, overseas giant NVIDIA's pricing fell by 1,500 RMB/ton in June. Coupled with the previous high price of hexanediamine, the focus of the future market may fall; Overall, the support of costs for the PA66 market is not strong.

In terms of supply: Recently, the operating rate of domestic PA66 production lines has remained stable with minor fluctuations. The overall industry load is around 70%. The production of the enterprise is stable, and the accumulation of inventory is average. Suppliers have generally lowered their factory prices, weakening their support.

In terms of demand: Recently, textile, electrical, and modification enterprises have been following a routine in stocking and consumption, with most of their procurement operations being focused on production. The main force of on-site trading maintains a strong demand for follow-up, and the buyer camp is resistant to high priced goods. The demand side has average support for PA66.

Recently, the spot price of PA66 has fallen from a high level. The raw material market has seen a decline in support for the cost side of PA66. PA66 enterprise has a horizontal load and stable supply. The demand follow-up of terminal enterprises is average. It is expected that the PA66 market will continue to operate weakly in the future.

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