[PA66 Weekly Review] Downstream Demand Weak, Market Consolidates in Weak Trend

1. Market Focus This Week

1) Production:This period's PA66 output is 16,500 tons, with a capacity utilization rate of 60%, slightly lower than last week.

2) Demand: Terminal market demand is generally average, and downstream buyers mostly purchase according to their needs.

2. This Week's Market Analysis

In the current period, the spot price of PA66 in East China has shown a weak trend, with the weekly average price at 15,150 RMB/ton, down approximately 0.46% from last week. Raw material prices fluctuated during the week, and cost pressures remained. Although some enterprises have shut down and capacity utilization rates have declined, spot supply in the market is sufficient. With a cautious industry sentiment, the market continues to show weak consolidation.

3. Analysis of Market Influencing Factors

① The preparation and operation of raw materials adipic acid and hexamethylenediamine face significant cost pressure.

The demand in the end market is average, and downstream buyers mostly purchase as needed.

③ The capacity utilization rate of Aggregated 66 enterprises has declined, but the spot market supply remains sufficient.

4. Market Forecast for Next Week

In the next period, the PA66 spot market is expected to have an oversupply, with significant cost pressures, leading to a weak and stalemated market. Key points to focus on: 1. Supply side. The capacity utilization rate of polymerization enterprises will not fluctuate significantly, and the market spot supply is abundant. 2. Demand side. There is no significant recovery in terminal demand, and downstream is expected to continue purchasing based on just-in-time needs; 3. Cost side. The raw material market is operating steadily, and cost pressures remain high.