SunSirs: Weak Market, China PA66 Price Weakness Continues

In December, the domestic PA66 market declined. According to the data monitoring of SunSirs, the average ex factory price of domestic PA66 was 22,000 RMB/ton on December 16, up or down by -5.38% from the beginning of the month.

Recently, the market of PA66 has declined, and the spot price has continued to decline. In terms of supply, the current domestic total load of PA66 industry is more than 65%, which is flat compared with the previous period. The market supply is relatively abundant. Due to the early market destocking operation, the current inventory position is not high, but the demand side situation is weak and difficult to change. This week, the terminal enterprises just need to follow up on the purchase of goods. The enthusiasm of downstream suppliers is not good, and they have strong resistance to high price goods. They are also relatively cautious about price reduction. The shipping speed of the merchants slowed down, and the goods in the yard were not smooth. Upstream hexamethylene diamine and adiponitrile are normally produced and shipped.

Recently, the spot price of PA66 continued to decline. The raw material market is stable, and the cost support of PA66 is average. The load of PA66 enterprises stabilized, the enterprises reduced their prices and shipped goods, and the overall inventory position declined. The demand side just needs to follow up the goods slowly, and it is expected that China PA66 will continue to operate in a weak way in the short term.

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