According to the data from SunSirs, the domestic PA66 market fell in the third week of May, and the spot prices of various brands generally decreased. As of May 24, the average offer price of PA66 medium viscosity injection molding sample enterprises was about 40,500 RMB/ ton, a decrease of 1.58% compared with the average price at the beginning of the month, and a rise of 113.16% compared with the same period last year.
Last week, the spot price of upstream adipic acid fell and then ran smoothly. At present, the starting level of the industry is on the high side, the inventory pressure of the manufacturers is great, and the price reduction is the main reason. With the market entering the off-season, the speed of goods delivery has decreased significantly.
The raw material adipic acid is weak, the support of PA66 cost side is weakened, the overall performance of PA66 market fell last week, and the current market trading momentum is insufficient. Although the overall inventory of PA66 is not under pressure, the profit margin is compressed and the market atmosphere is not active.
SunSirs analysts believe that, in the third week of May, the pattern of high cost pressure in the domestic PA66 market continued, and the profit space of aggregation enterprises and end users was seriously compressed. The atmosphere in the venue was cold and the situation of weak supply and demand continued. In the case of the downstream passive delivery, it is difficult to expect the demand side to make efforts. Under the favorable situation of production capacity loss, the resistance of on-site goods delivery increases instead of decreasing, and the actual price center of gravity under the game of supply and demand may have declined. China PA66 market is expected to continue weak trend in the short term.
