price trend
In the past week (March 11 to March 17, 2026), the PA66 market continued to rise strongly at a high level, with the price center steadily shifting upwards and the mainstream quotation range continuously exploring. Transactions were mainly rigid rigid demand small orders. On March 17th, the benchmark price of PA66 by Shengyi Society was reported at 19533.33 yuan/ton, an increase of 3.17% compared to 18933.33 on March 11th. The market presents a pattern of raw material driven, supplier driven pricing, and downstream wait-and-see. Low price sources have basically disappeared, and traders have a strong sentiment of hoarding and reluctance to sell, resulting in a narrowing of overall bargaining space.
influencing factors
In terms of cost:
Recently, geopolitical conflicts in the Middle East have continued, and international oil prices have fluctuated at high levels. In March, the execution price of hexamethylenediamine in NVIDIA China was raised to 18200 yuan/ton, an increase of 900 yuan/ton from February; Adipic acid fell slightly from its high point within the week. On March 17th, the benchmark price of adipic acid in Shengyi Society was 10300 yuan/ton, a decrease of 2.91% from 10600 yuan/ton on March 11th.
Supply side:
Mainstream manufacturers have reached a consensus to reduce production, and the industry’s operating load has been maintained at 55% -60%. The import volume has decreased by about 15% year-on-year, and traders are reluctant to sell and hold back. The overall inventory of factories and traders is low, and suppliers have strong pricing power. Low price offers have basically disappeared, and the market presents a pattern of “supplier control of inventory and scarcity of spot goods”.
In terms of demand:
In recent times, the downstream textile industry has gradually resumed work, but its acceptance of high prices is limited, and there is a strong wait-and-see attitude. It generally adopts a small order demand and on-demand procurement strategy, with few large order transactions. The overall trading activity in the market is insufficient, and the volume of transactions is limited.
Future forecast
In the future, the PA66 market is likely to maintain a high and narrow range oscillation trend in the short term, with the core logic still being cost support>demand suppression. If the geopolitical conflict in the Middle East eases and international oil prices fall, it will weaken the cost support of PA66 or trigger a slight price correction; On the contrary, a sustained high level of raw materials will drive prices to continue rising. If terminal orders improve, downstream procurement enthusiasm increases, or the supply-demand stalemate pattern is broken, supporting a slight increase in prices; If demand continues to be weak, the downstream operating load may decrease due to high prices, or lead to high price stagnation.
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