1、 Price trend
According to the data of the business club’s bulk list, the market situation of PA66 in China continued to be weak in the first half of May, and the prices of various brands were still slowly reduced. As of Thursday, May 14, the average price of the mainstream offer of PA66 is about 19150.00 yuan / ton, down 3.77% from the average price at the beginning of the month.
| EDTA |
Analysis of influencing factors:
The market of adipic acid in the upper reaches of PA66 is stable at low level. Most of the spot price adjustments are weak. The manufacturers still maintain a high rate of start-up, but they still haven’t reached the level of shipment before the outbreak. At present, the social inventory pressure is general, but the demand is not strong, the business delivery is blocked, and the supply and demand in the field are not prosperous. The price of pure benzene at the cost end has increased recently, but under the current situation of shrinking orders at home and abroad, the price of adipic acid is difficult to improve in the near future;
| Melamine |
The upstream adipic acid gave poor support to the PA66 cost side. The market price of PA66 continued to weaken in the first ten days of this month, and the market side continued to be negative. On the supply side, PA66 spot showed consistent adequacy, and the starting load of downstream plants was low. The consumption of PA66 plastic products is at a low level, and the imbalance between supply and demand is increasingly obvious, which is difficult to boost the market. There is little trading on the floor and little trading news.
Future forecast:
Business analysts believe: in early May, the domestic PA66 market continued to adjust its weak position. The spot price of adipic acid in the upstream is low, which is not good for PA66. The return rate of downstream factories needs to be improved. The replenishment operation is rigid and the demand is very limited. The contradiction between supply and demand in the market is the main reason for the weakness of the market and the lack of confidence in the future. It is expected that PA66 market will not improve in the short term.
| EDTA 2Na |