[PA66 Weekly Review] High Prices Encounter Resistance as Market Fluctuates Downward

1. This week's market focus

1) Production:The production of PA66 this period is 16,700 tons, with a capacity utilization rate of 61%, showing a slight increase compared to the previous period.

Demand: The terminal market demand is generally low, and downstream customers often purchase based on their needs.

2. Market Analysis for This Week

In this period, the spot price of PA66 in East China is running weakly, with an average weekly price of 14,960 yuan/ton, a decrease of about 0.66% compared to last week. During the week, the raw materials, adipic acid and hexamethylenediamine, showed weak fluctuations, lacking support from the cost side. Downstream demand is performing moderately, while the supply of spot market has increased, leading to a cautious industry sentiment and a downward trend in market prices.

3. Market Impact Factors Analysis

The raw materials adipic acid and hexamethylenediamine are weakly fluctuating, lacking support and momentum on the cost side.

② Terminal market demand is generally moderate, with downstream customers purchasing on an as-needed basis.

The capacity utilization rate of 66 aggregated enterprises has slightly improved, and the market spot supply is sufficient.

4. Market Forecast for Next Week

The expected structural supply-demand contradiction in the PA66 spot market will persist in the next period, leading to a weak and fluctuating market.

Key focus: 1. Supply side.New capacity continues to be released, Liao Yang Petrochemical expects. 10 Monthly production of products, combined with the restart plan for the previous parking facilities, leads to a strong expectation of increased market spot supply.2. Demand Side.Downstream factories are still mainly purchasing on demand, and the market as a whole has not shown significant signs of recovery, with limited growth momentum on the demand side. 。 3. Cost aspect.The market prices of raw materials such as adipic acid and hexamethylenediamine are fluctuating, putting significant cost pressure on polymer enterprises. 。