The domestic PA66 market in the second week of March was weak, with the price adjusted downward. As of Friday, March 13, the average price of the mainstream offer of PA66 injection grade is around 22,250.00 RMB / ton, which is 1.11% lower than the price level at the beginning of the month.

The domestic market of upstream adipic acid of PA66 is still weak in the near future. Compared with the beginning of the month, the quotation of dealers continues to decline. At present, dealers are gradually entering the market, but still not reach the status of the year before. The market transport situation is obviously improved but trapped by the weak downstream demand. 

The shipment situation is not ideal, inventory is difficult to digest, and there is still a delay in the time of local resumption of work. Meanwhile, the current manufacturers operating rate remains stable. Compared with last week slightly increased. Therefore, manufacturers inventory pressure has an upward trend, and the market is not the performance of price.

At present, in the whole chemical industry and in the cost end of the plunge in the negative situation, adipic acid should remain weak in the near future. Recently, the domestic PA66 market atmosphere remains cold and the market is relatively weak. 

On the supply side, logistics resistance gradually eases, and the spot is sufficient. The downstream factory starts the load low level, the demand side is relatively weak. Take part in the city of confidence in the future is insufficient, the market for more than just need, rarely large-scale stock.

Market Forecast: SunSirs analysts think that the second week of march domestic PA66 market line continued weak adjustment. The upstream adipic acid producers and dealers still need to improve their working level, and the spot price continues to fall, which does not support the cost of PA66 well. Downstream factory rework rate is low, just need to stock, demand is very limited. Market atmosphere supply exceeds demand, and business mentality was hit. Recently, the oil and chemical industry is constantly with bad news, future’s PA66 will be dragged by it. The PA66 market is expected to fall in the short term.

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