SunSirs data show that most of the plastic products developed well this year. As of December 25, the average price of PA66 medium viscosity injection molding sample enterprises was about 28,900 RMB/ ton, up 25.18% from the price level at the beginning of the year.
From the results, the demand is weak due to the heavy pressure on downstream costs, and the imbalance between supply and demand obviously has an impact on 2020. In the beginning of this year, the public health events affected China. PA66 industry chain generally returns to work slowly, during which the market has price but no market. The stagnant trading is unfavorable to the future market, and the limited operating space restricts the spot price of PA66. By April this year, the PA66 industry chain had resumed production in an all-round way.
In the second quarter, the load of PA66 manufacturers returned to normal. After the previous market plunge, the current price was low and the supply and demand were not prosperous. On June 8, the average price of 18,600 RMB/ ton fell to an annual low, 19.44% lower than the price level at the beginning of the year.
In September, the operating rate of domestic PA66 did not change much, and the shortage of goods in the market began to appear. Orders follow-up speed gradually accelerated, stock boom before the festival pushed up demand, BASF, a large foreign manufacturer, announced several times to increase the price of PA66 industry chain products in the Asia Pacific region. During this period, DuPont, Randic and other large factories also followed up, and the news of direct price increase was announced. PA66 market began to pick up. In October, East China adipic acid market was driven by PA66 and pure benzene market, with an increase of 5.14%. Due to the shortage of supply, the inventory position of polymerization plant was on the low side, and the on-site supply was tighter than it seemed.
In the fourth quarter, the domestic epidemic prevention work was stable, and the market ushered in a restorative growth. The purchase and sales volume of terminal products increased significantly, among which the home appliance and automobile industry made great efforts. The consumption of PA66 was on a par with the traditional peak season level, and the focus of market transaction was constantly rising. The increase was concentrated in the first and middle of November, with a total increase of 30.24%. At the end of the year, the price of PA66 tended to be stable, the replenishment operation of downstream factories tended to be rigid demand, and the price was high and firm.
SunSirs analysts believe that: in 2020, China domestic market of PA66 looks like looking for the moon from the bottom of a haystack, and the price will be suppressed first and then increased, achieving a quarter of the increase in the whole year. The contradiction of oversupply that plagued PA66 in the past two years was eased in the middle of the year. At present, the production scheduling of PA66 enterprises is smooth, and the price is running steadily. China PA66 industry chain has developed steadily in this year, and the future is promising.
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