1、 Price trend

In the second week of March, the market trend of PA66 in China was weak and the price was adjusted downward, according to the data in the bulk list of business agencies. As of Friday, March 13, the average price of the mainstream offer of PA66 is about 22250.00 yuan / ton, 1.11% lower than the price level at the beginning of the month.

Analysis of influencing factors:

The domestic market of adipic acid in the upper reaches of PA66 is still weak in the near future. Compared with that at the beginning of the month, the price of dealers continues to decline. At present, the dealers are gradually entering the market, but they have not reached the status of years ago. The transportation situation in the market has improved significantly, but the delivery situation is not ideal due to the weak downstream demand, and the inventory is difficult to digest. There are still places where the resumption time is delayed. At present, the manufacturer’s operating rate remains stable, slightly higher than last week. Therefore, the manufacturer’s inventory pressure has an upward trend, and the market shows whether there is a price or not. At present, under the negative situation of the sharp diving of the whole chemical cost end, adipic acid should maintain a weak position in the near future; in the near future, the atmosphere of domestic PA66 market remains cold and the market is relatively weak. In terms of supply, the logistics resistance has been gradually eased, and there are sufficient on-site goods. Downstream plants have low starting load and weak demand. Participants have insufficient confidence in the future market, and most of the on-site trading is just needed, with few large-scale stock up.

Future forecast:

Business analysts believe that: in the second week of March, the domestic PA66 market continued to adjust its weak position. The upstream adipic acid manufacturer dealers still need to improve the level of resumption of work, the spot price continues to fall, and the cost side of PA66 is not well supported. The downstream factories have a low rate of return to work, and they just need to prepare goods, so the demand is very limited. The market atmosphere is oversupplied, and the mentality of the industry is hit. In the near future, the bad news of crude oil and chemical industry keeps on, so PA66 aftermarket is afraid to suffer from it. PA66 market is expected to decline in the short term.