1、 Price trend
According to the data of the bulk list of business agencies, the market of PA66 in China continued to weaken in mid April, and the prices were mostly reduced. As of April 23, the average price of the mainstream offer of PA66 is about 20350.00 yuan / ton, a decrease of 1.45% compared with the average price at the beginning of the week.
| Melamine |
Analysis of influencing factors:
On the upstream side of PA66, the domestic adipic acid market has not changed much and the market performance is weak. Compared with last week’s market, the market has not improved. Some dealers’ quotations have kept rising or falling within 100 yuan. Most manufacturers are still bullish on the aftermarket and light on inventory operation. In terms of supply and demand, at present, the manufacturer still maintains a high rate of start-up. Although dealers have generally resumed shipment, they still haven’t reached the normal level of shipment, resulting in the gradual increase of inventory pressure of the manufacturer. In terms of cost, although pure benzene has rebounded significantly from the beginning of April to now, it has not brought fundamental benefits to adipic acid. On the one hand, the delay of cost transfer, on the other hand, the early stage of pure benzene fell sharply, and the strength of adipic acid falling was limited, so there is still profit space for adipic acid without rebounding at present;
The upstream adipic acid generally supports the PA66 cost side. In mid April, the market price of PA66 continued to weaken and the market side was relatively negative. In terms of supply, the spot performance of PA66 is sufficient, and the starting load of downstream plants is low. Moreover, plastic products are in the off-season of consumption, which is difficult to boost the market. In the background of the market, the imbalance between supply and demand has been maintained. The on-site trading is dominated by rigid demand, with few trading information and no large-scale stock.
| EDTA |
Future forecast:
Business analysts believe that: in mid April, the domestic PA66 market continued a weak correction. The spot price of adipic acid in the upstream is stable at a low level, which has poor support for PA66 cost side. The return rate of downstream factories needs to be improved. The replenishment operation is rigid and the demand is very limited. The market atmosphere is oversupplied, and the industry has insufficient confidence in the future market. It is expected that PA66 market will not improve in the short term.
| EDTA 2Na |