1、 Price trend
According to the data of the bulk list of business agencies, the market of PA66 in China was stable in February, with a narrow adjustment. As of Monday, March 2, the average price of the mainstream offer of PA66 is about 22350.00 yuan / ton, down 3.04% from the price level in early February.
Analysis of influencing factors:
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In February, the market of adipic acid in the upper reaches of PA66 was weak and stable, and the market was generally affected by the epidemic situation. The supply and demand were not strong, and the transaction fell into freezing point. In most regions, the price of adipic acid has not changed much since the beginning of the month. The price of adipic acid has reached a low level within one year. Some dealers have slightly reduced their prices. Basically, the supply pressure and weak market demand caused by poor transportation are the main factors that hinder adipic acid to get out of the weak situation. In addition, the cost side has lost support again. The continuous low price of pure benzene has made the adipic acid Market snow Frost. At present, the downstream demand for adipic acid has not improved, and the downstream operating rate has been at the lowest point in the whole February. In addition, the social inventory pressure has not been alleviated, the market has not reversed the upward momentum, and the enterprise inventory and market inventory remain at a high level, which is inseparable from the current low demand and low procurement, and is also a secondary problem brought by transportation. This is also the adipic acid price did not usher in an important reason for the rebound after the year. From a regional perspective: the prices in East China and South China are still low, some prices have been lowered, and the demand is weak. 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, the price of pure benzene re entered the downward channel in February. According to the monitoring of the business agency, the price of pure benzene fell by 7.37% in February. On the one hand, the downward price of the upstream made adipic acid not supported, but on the other hand, it alleviated part of the pressure of the current manufacturers. Because the procurement of the downstream manufacturers was shrinking, adipic acid could not be returned, and only maintained the low price level; In February, the domestic PA66 market was relatively cold, and the market was generally stable. On the supply side, the logistics resistance is still large, due to the impact of logistics transportation resistance, there are few spot transactions. At the same time, the operating rate of downstream factories continued to decline, especially in Wuhan, where the production of automobile enterprises is relatively concentrated, the resumption of work is slow, and the downstream demand is passively reduced. PA66 also has a similar market with price and no market. The trading atmosphere in the market is quiet, and few trading news is heard.
Future forecast:
Business analysts believe: in February, the domestic PA66 market continued to adjust its weakness. Upstream adipic acid manufacturers and distributors have limited resumption of work, narrow price range fluctuation, and limited support for PA66 cost side. The situation of downstream factories returning to work is complex, there is no stock or less stock, and the improvement of demand is very limited. The market atmosphere is cold, there is no market with price, and the operation space is small. It is estimated that whether PA66 transaction is active or not in the near future depends on the domestic resumption of work and logistics.
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