Price trend
| Gamma-PGA (gamma polyglutamic acid) |
The recent domestic PA66 market trend is sideways. According to data monitoring by the Business News Agency, on April 2, the average ex-factory price of domestic PA66 was 20333.33 yuan/ton, a decrease of – 3.17% compared to the price level at the beginning of March.
Cause analysis
This week, the market for PA66 was stable, with limited changes in spot prices. On the supply side, the overall load of the domestic PA66 industry is currently around 67%, almost unchanged from last week. Enterprise operations continue to be biased towards destocking, with general inventory pressure and relatively abundant on-site supply. On the upstream side, the raw material hexamethylene diamine fluctuated in a narrow range, while pure benzene in adipic acid stopped falling and warmed up supporting costs. However, the load of adipic acid was on the high side before, and the market continued to decline under pressure. PA66 raw material side has poor support for spot goods. In terms of demand, the situation is stable and weak, and terminal enterprises just need to follow up on their purchases. Buyers generally have strong resistance to high-priced sources of goods. It is expected that PA66 may continue to consolidate the market in the short term.
Aftermarket Forecast
This week, the spot price of PA66 was stable. The raw material market is relatively soft, weakening the support for PA66 cost side. PA66 enterprise load is horizontal, and the overall inventory position is average. The demand side takes goods to maintain production, and it is expected that PA66 will continue to operate horizontally in the short term.
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