[Weekly Review of PA66] Downstream Purchases On Demand, Market Runs Weakly

1. Market Focus This Week

1) Production:The production volume of PA66 this period is 16,300 tons, with a capacity utilization rate of 60%, remaining stable compared to the previous period.

2) Demand: Terminal market demand is generally moderate, with downstream customers mostly purchasing as needed.

2. This Week's Market Analysis

The current spot price of PA66 in East China is weak, with a weekly average price of 15,440 yuan/ton, down approximately 0.52% from last week. During the week, raw material prices fluctuated, providing insufficient support from the cost side. Terminal market demand is average, with downstream buyers purchasing as needed, while market supply is abundant. High-priced sales are difficult, and transaction prices are declining.

3. Analysis of Market Influencing Factors

①  The operation of raw materials adipic acid and hexamethylenediamine is organized, with relatively high pressure on costs.

②  The terminal market demand is generally average, and downstream buyers mostly purchase as needed.

③   The capacity utilization rate of Juhe66 enterprises remains stable, and the market supply of goods is steady.

4. Market Forecast for Next Week

The supply and demand of PA66 are expected to be weakly balanced in the next period, with the market lacking positive news to boost confidence, leading to a continuation of weak consolidation. Key points to watch: 1. Supply side: The operating rate of polymerization enterprises is stable, with expectations of increased new capacity, resulting in ample spot market supply. 2. Demand side: End-market demand is average, expected to maintain just-in-time purchasing. 3. Cost side: Raw material prices fluctuate, providing stable cost support.