Price trend
According to the data of business club’s block list, the domestic PA66 market continued to rise rapidly in early March, and the spot prices of various brands continued to rise significantly. As of March 3, the average offer price of PA66 medium viscosity injection molding grade sample enterprises was about 38100 yuan / ton, some of which were flat with the historical high, and the rising atmosphere in the market remained.
Cause analysis
There is no improvement in the pattern of tight supply of raw materials. The impact of crude oil, chemical and other enterprises shutdown caused by the cold disaster in the United States and the earthquake in Japan is still in the process. PA66 and its industrial chain related products are seriously affected by force majeure, and the global production capacity of adiponitrile and hexanediamine continues to be low. The operation rate of adipic acid also declined, and the market supply was relatively tight. Some East China dealers reflected that they could not get the supply. At present, the inventory pressure of manufacturers is not big. Thanks to the centralized replenishment after the year, the pressure on the supply side has been released, and the prices of manufacturers have been rising frequently.
The upstream trend is strong, and China’s dependence on imported adiponitrile is relatively high. The current market price range of PA66 has been flat with the historical high. PA66 products such as Pingdingshan Shenma and Huafeng Group, which are big domestic manufacturers, have stopped quotation, mainly completed the early orders, and there is no pressure on inventory. The prices on the floor continued to rise, the dealers were reluctant to sell, and the operation was cautious. Downstream demand is dominated by rigid demand procurement, and the shortage of non major customer factories may be even worse. Spot spot spot less, lead time growth, rising atmosphere is still strong
Future forecast
Business analysts believe that: the current domestic market of PA66 continues to rise sharply, and the prices of polymerization plants and carriers continue to rise. The price of upstream hexanediamine and adipic acid is high, and PA66 has strong cost support. The resumption of work in the lower reaches started relatively fast, and the passive follow-up of taking goods resulted in the recovery of demand in some industries. At present, the cost pressure of PA66 makes the price of PA66 remain high, and the rising atmosphere fills the market. In the short term, PA66 market guidance is clear, or will continue to be strong upward.
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