According to the bulk list data of business society, the domestic PA66 market fell in November, and the spot price of individual brands decreased significantly. As of November 26, the average ex factory price of PA66 adhesive injection molding sample enterprises of business society was about 38850 yuan / ton, with an increase or decrease of – 2.88% compared with the average price at the beginning of the month.
Industrial chain: in the upstream, the domestic adipic acid price fluctuates weakly this month. Recently, both cost and supply and demand are bad for the adipic acid market, and the demand is expected to improve little. Comprehensively, there is still room for loosening the adipic acid price. Adiponitrile has not improved much. The loss of production capacity of large international factories and the shortage of overseas transportation capacity are still affecting the market, and the supply shortage has not improved. Due to the high dependence on imports of adiponitrile, most domestic PA66 production loads are forced to operate at a low level.
The price of upstream raw material adiponitrile is high, and the cost side support of PA66 is acceptable. In November, the operating rate of the industry was still mainly affected by the shortage of adiponitrile. Except Zhejiang Huafeng, the operating rate of PA66 enterprises decreased. In terms of imported materials, the overseas shipping capacity is low, the medium and long-term import and export goods of each port are insufficient, and the inventory position is not high. In terms of demand, the buyer took the goods slowly, the seller’s confidence weakened, and the offer decreased.
Business analysts believe that the spot price of PA66 fell in November. The shortage of adiponitrile at the raw material end has not been improved. The overall load of the polymerization plant is low due to the lack of raw materials, and the support of the supply end for the spot is OK. However, end users have a strong resistance to high price goods, the purchase operation is biased to just need to maintain production, and the on-site trading volume is weak. It is expected that PA66 may continue to operate in a weak adjustment in the near future.