High cost, fair demand, PA66 price remains firm after November’s rise

Price trend

 

Benzalkonium chloride

According to the data of the business club’s bulk list, the domestic PA66 market continued to run strongly in November, and various models of products increased significantly. As of December 1, the average offer price of PA66 medium viscosity injection molding class sample enterprises was about 29800 yuan / ton, an increase of 31.57% compared with the average price level in early November.

 

In terms of adipic acid upstream of PA66, the domestic adipic acid market continued its upward trend in October in November. According to the monitoring of business agency, the general quotation range of adipic acid market is 8000-8500 yuan / ton, which is 18% higher than the average price at the end of October. The main reason is the cost side pull brought by the repeatedly high price of pure benzene. From the perspective of market supply, the operating rate of adipic acid manufacturers remained stable in November, about 80% or more. The market supply of adipic acid was relatively sufficient, and the manufacturers’ inventory pressure was large. Dealers usually take the goods normally, the manufacturer’s inventory pressure is not big, and the inventory is gradually transferred to the distribution link. Therefore, the dealers are forced by the inventory pressure in the late November, and the quotation is slightly loose. At the end of November, the market stabilized mainly because the market returned to fundamentals. At present, with the winter approaching, the downstream operating rate may decline, and the cost of pure benzene also shows signs of decline. Adipic acid is expected to be stable in the near future, and the possibility of falling back is not ruled out.

 

The upstream adipic acid has support for the cost of PA66. In November, the market of PA66 continued its previous positive trend with a large increase. The situation of spot shortage in the domestic spot market has not improved. Although it is reported that the operating rate of Huafeng in Zhejiang Province has increased, the overall operating rate of domestic production lines is not high, and the mentality of factories to support the market is still strong. Inventory is generally low, new goods are mainly supplied to contract old customers, and on-site supply may be even more tight than expected. In addition, the favorable effect of price increase letters issued by BASF, DuPont and other major international manufacturers is still in effect. At the beginning of the month, aoshengde announced the price increase of intermediate products. In the middle of the month, landic also issued a notice on the price increase of PA66 products. For a time, the prices of PA66 products and related raw materials in the industrial chain could not go down. The replenishment operation of downstream factories is biased towards rigid demand, among which the consumption of PA66 in the automobile industry is better, and the household appliance industry also has certain support for the demand. From the end of the last ten days to the end of the month, the transaction focus of PA66 market is mainly high and firm.

 

Business agency analysts believe: PA66 domestic market in November strong trend. The price of upstream products was strong after rising, which supported PA66 cost side strongly. The downstream just needs to operate. Although it is against the high price goods, the spot is in short supply, the price is rising, and the terminal is passively following up. At present, the demand is fair. In the last ten days, the increase of PA66 gradually narrowed. It is expected that in the short term, the market price of PA66 will continue its high and strong trend.

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