1、 Price trend
According to the data of the business club’s bulk list, the domestic PA66 market continued to be stable in December, with relatively low prices. As of December 31st, the average price of the mainstream offer of PA66 medium viscosity injection grade was about 23087.50 yuan / ton, a decrease of 0.05% compared with the average price at the beginning of the month.
| Melamine |
Analysis of influencing factors:
PA66 upstream. This month, the market of adipic acid continued to hold a stalemate, with little change in prices in most regions, and some of the prices rose. On the basic level, loose supply and weak demand are still the main factors that hinder adipic acid to get out of the weak situation. The improvement of the cost side did not bring a rebound to the downstream adipic acid, but increased the dilemma of enterprise profit contraction. At present, the downstream demand for adipic acid has not improved. In addition, the social inventory pressure has not been alleviated. The market has not reversed the upward momentum. The enterprise inventory and market inventory are still at a high level. This is the main reason why the price of adipic acid has not rebounded. The market atmosphere is a little cold, dealers actively give priority to profit delivery, and the market maintains a weak and volatile pattern. At present, the downstream market still generally holds a wait-and-see attitude, and the transaction is slightly deadlocked. In addition, on the upstream cost side, although pure benzene ended the downward trend of shocks, as of December 27, the rebound of this month was more than 8%, but the cost transmission effect was lagging behind, which did not bring much positive effect to the adipic acid market. On the contrary, with the price of pure benzene rising, the profits of adipic acid manufacturers were compressed, and at the same time, they were trapped in the weak demand, and the price did not Rising, this confirms the extremely weak situation of the market; this month, PA66 market is still dominated by horizontal consolidation. The spot market is still abundant, and the terminal market is still just in need of goods. There are few inquiries from downstream factories, and the atmosphere is quiet. The business is mainly wait-and-see, but the mentality hasn’t changed. Most orders are flexible.
| EDTA |
Future forecast:
Business analysts think: December domestic PA66 market sideways consolidation. Weak upstream adipic acid demand continued. Although the decline narrowed, the trend remained stable and weak, with limited support for PA66 cost side. There is no improvement in the enthusiasm of downstream stock up, and the strategy of just need to take the goods as the main strategy. The market atmosphere is quiet, the industry’s wait-and-see mentality is heavy, and the operation is limited. It is expected that PA66 will continue to run horizontally in the near future.
| EDTA 2Na |