Price trend
According to the data of the large list of business agencies, the domestic PA66 market in mid October has been stronger, and all models of products have increased. As of October 20, the average price of the sample enterprises of PA66 in the business agency was about 21300 yuan / ton, up 3.15% compared with the average price level at the beginning of the month.
In terms of adipic acid in the upstream of PA66, the domestic adipic acid market has been running smoothly in recent years, and the quotation of dealers in some regions has risen and declined slightly. The quotation of domestic manufacturers is mainly stable temporarily, the unit keeps normal operating rate, about 80%, and the inventory pressure of the manufacturer is maintained at a high level. At present, adipic acid is still in off-season level, and the terminal needs to be stable and the demand growth is not as expected. From the basic point of view, the contradiction between supply and demand still bothers the whole industry, and the price rise and fall are mostly affected by local supply. The cost end pure benzene has been adjusting since October, and the upstream cost is relatively low, and the support for adipic acid is insufficient. Overall, the market is still weak and stable, and price rise and fall are weak, and it is not ruled out that the price will continue to fall.
Upstream adipic acid generally supports PA66 cost side, and PA66 market is more positive at present, and domestic spot market has increased greatly. Recently, the starting rate of PA66 in China has been maintained at about 50%, and it mainly supplies the old customers in the downstream, which leads to the shortage of goods in the market. The replenishment operation of downstream factories tends to maintain the demand, but it is still in the traditional peak season “silver ten”, and the demand of PA66 is increasing obviously. The domestic automobile production and marketing are still hot after the festival, and the consumption of PA66 has an expanding trend. The tight supply pattern has brought into the traditional peak season, and the increase is naturally further expanded. In addition, BASF, the international factory, issued a letter of price hike of PA66, which will help PA66, which is in a red fire situation. Recently, the center of gravity of the merchant offer continued to rise, and PA66 is expected to continue to be stronger.
Analysts of business agency think: the domestic PA66 market continued to move positively in mid October. The spot price of adipic acid in upstream is stable and small, and it supports PA66 cost side generally. Downstream factory inquiry and procurement maintenance just need operation, traditional peak season consumption has been expanded. At present, the supply and demand increase are the main factors of the recent increase of PA66. It is expected that the market of PA66 will continue to be stronger in the short term.
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