[PA66 Morning Reminder] Expected Short-Term Domestic PA66 Market Weakness

1. Points of Attention

【 LongzhongOn September 23, the instability of the Russia-Ukraine situation remains, and the United States may escalate sanctions against certain oil-producing countries, leading to an increase in international oil prices.Crude Oil FuturesThe November contract for WTI crude oil rose by $1.13 to $63.41 per barrel, up 1.81% month-on-month; the November contract for ICE Brent crude oil increased by $1.06 to $67.63 per barrel, up 1.59%. The INE crude oil futures contract for 2511 dropped by 8.9 to 475.3 yuan per barrel, and in the night session, it rose by 7.0 to 482.3 yuan per barrel.

Core logic: The cost pressure is relatively high, downstream demand is average, and the market supply is stable. 。

2. Price List Form

Three 、 Market Outlook

The raw material adipic acid is experiencing a weak oscillation, with a lack of strong support from the cost side. The market has sufficient spot supply, and downstream purchasing is maintained at a just-in-time basis. The industry lacks positive news to boost sentiment, and it is expected that the domestic PA66 market will continue to consolidate weakly in the short term.

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