Price trend
| Azodicarbonamide (AC foaming Agent) |
According to the data from the business club’s bulk list, the domestic PA66 market continued to be positive in late October, with various models of products at a high level, and some of them still rose. As of October 26, the average offer price of PA66 medium viscosity injection molding class sample enterprises was about 21500 yuan / ton, an increase of 4.12% compared with the average price level at the beginning of the month.
In terms of adipic acid upstream of PA66, the domestic adipic acid market has been running weakly and stably recently, and the quotations of dealers in some regions have risen or fallen slightly. At present, the inventory pressure of adipic acid manufacturers is maintained at a high level, and the unit operating rate is about 80%. Domestic manufacturers’ quotation is mainly stable for the time being. Recently, adipic acid is in the traditional off-season, the downstream demand just needs to take delivery, and the demand growth is not as expected. Adipic acid fundamentals have a certain degree of contradiction between supply and demand. In terms of cost end pure benzene, the recent rise was driven by the rise of downstream styrene for two weeks, with strong support for adipic acid. However, with the slow down of demand and the high level of port inventory of pure benzene, pure benzene may be stable in the near future. Overall, although the upstream support is strong, the market is still weak and stable due to oversupply.
The upstream adipic acid generally supports the cost of PA66, and the current market of PA66 is relatively positive. The domestic spot market will undertake the increase in September from the end of the festival. The operating rate of PA66 in China is maintained at about 50%. Due to the main supply of core downstream customers, the supply of goods in the market is generally insufficient. On the basis of BASF’s letter of price increase at the beginning of the month, DuPont, a major international manufacturer, announced or will increase the price of nylon related products last week. The replenishment operation of downstream factories tends to maintain the rigid demand, but the current consumption of PA66 is at the level of traditional peak season. The automobile and household appliances industries have made significant efforts, and the purchase and sales of PA66 have increased significantly. Tight supply pattern into the traditional peak season, the natural further expansion of growth. Recent business offers are still rising, PA66 is expected to continue the strong trend.
Business agency analysts believe: last week domestic PA66 market continued a positive trend. The spot price of adipic acid in the upstream is weak, with large stability and small movement, which does not support the cost side of PA66. Downstream factory inquiry and procurement to maintain just demand operation, traditional peak season consumption has been expanded. At present, the continuous tight supply and increased demand are the key factors for the recent sharp rise of PA66. At the same time, the external disk helps layer out. It is expected that the market situation of PA66 will continue to be stronger in the short term.
| Melamine |