Price trend
| Melamine |
According to the data of the business club’s bulk list, the domestic PA66 market was stable in the first ten days of August, and the range of rise and fall of various models of products was relatively narrow. As of August 10, the average price of PA66 medium viscosity injection molding mainstream offer was about 18750.00 yuan / ton, a slight drop of 0.27% compared with the average price level at the beginning of the month.
Recently, adipic acid upstream of PA66 has been suffering from low demand. The low price of last month was stable, and the spot price was adjusted narrowly in the whole month, with a decline of only 1.78%. In August, although adipic acid demand did not improve, the spot price was at a low level and there was no inventory pressure and accumulation risk. The profit margin of merchants was not large, and the price was firm. It is expected that the market of adipic acid will be stable in the near future.
The cost of PA66 is generally supported by adipic acid from upstream. The supply in the market was still at a low level last month. At present, the operating rate of various manufacturers is stable, among which, Liaoyang Xingjia still stops production, Huafeng Group has a plant operating rate of 80000 tons per year, and Dandong youfiber Technology Co., Ltd. also has half of the units shut down, and Shenma industrial operation rate is 80%. The operating rate is not high, diverting considerable pressure of excess supply and stabilizing the spot price of PA66. At present, although the support of raw material price is not strong, it is relatively stable. The shipment situation of merchants is general, and the actual trading is still limited. The inquiry atmosphere of downstream factories has recovered, and the purchasing strategy has been maintained with the help of users, and the improvement degree of transaction is limited.
Business agency analysts believe: in early August, domestic PA66 market is stable and small. The spot price of adipic acid in the upstream is stable, which supports the cost of PA66 in general. The downstream inquiry situation has increased, and the improvement of demand is still limited. At present, the operating rate of domestic slicing plants has reduced the pressure of excess supply, and the situation of insufficient supply and actual trading is coexisting. The domestic market is actually in the post supply and demand contradiction. It is expected that the PA66 market will continue to operate smoothly in the short term.
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