According to SunSirs, the domestic PA66 market price rose in October, and the spot price of each brand may be stable or rising. As of October 31, the ex factory price offered by the glue injection molding sample enterprises in the business agency PA66 was about 25,250 RMB/ ton on average, up and down by +2.02% compared with the average price at the beginning of the month.

Industrial chain: upstream, the domestic adipic acid market in the first half of this month continued to benefit the supply side, and prices rose rapidly. In the second half of the month, the decline of pure benzene brought negative cost and weak demand, which reversed the correction. The supply of hexamethylene diamine is still tight, and merchants are reluctant to sell. The market is firm, and the mentality of enterprises and merchants is stable.

The upstream raw material market is generally strong, and the cost side of PA66 is strongly supported. In terms of industry operating rate, recently, PA66 enterprises have been affected by the tight supply of raw materials, the industry load has been limited, and the market spot supply is tight, but the inventory has increased in the second half of the month. In terms of the port, the inventory position is acceptable, and the arrival of overseas goods is average. In terms of demand, the current terminal enterprises prefer to maintain production just because they need to follow up with goods. The traditional peak season is less than expected. Downstream people are resistant to high price goods, and the factory demand release is less than that of previous years. The shipping speed of merchants slowed down, the transactions on the floor were average, and the market was in a stalemate.

SunSirs analysts believe that the spot price of PA66 in October has risen steadily. The raw material side market remained strong, and the cost side support of PA66 was fair. The load of PA66 enterprises is low, the pressure on the supply side is still small, and the demand side is slow to get goods. It is expected that China PA66 will weaken in the short term due to the lagging consumption follow-up.

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