1、 Price trend

According to the data of the bulk list of business agencies, the market of PA66 in the second half of February was stable and slightly changed, with a narrow adjustment. As of Friday, February 25, the average price of the mainstream offer of PA66 is about 22500.00 yuan / ton, down 1.10% from the average price at the end of the second week in February.

Analysis of influencing factors:

The market of adipic acid in the upper reaches of PA66 has been stable in the near future. The price of domestic adipic acid has not changed much. There are still few dealers in the market. Many dealers are subject to transportation difficulties, the inventory is difficult to digest, and the time for many places to return to work is delayed. At present, the manufacturer’s operating rate is stable, slightly higher than last week, and the manufacturer’s inventory pressure is on the rise. The situation of dealers returning to work is not ideal, especially for small and medium-sized traders. The market shows whether there is a price or not. The price is more flat than last week. Many dealers do not offer prices temporarily, and some prices are slightly loose. There are many large factories returning to work, but the operating rate is still not up to the level before the festival. The dealers’ inventory is mostly pre Festival reserve. At the beginning of the week, the dealers’ procurement is rational, most of them are only out of the market, and the social inventory has a downward trend compared with the manufacturers’ inventory. It is expected that as more dealers return to work in large areas, the market demand for adipic acid is expected to pick up periodically, and the price is expected to rebound, but the strength of the increase needs to be further observed; this week, the domestic PA66 market is still relatively cold, and the market is narrow. On the supply side, the logistics resistance is still large, due to the impact of the auto outage, there are few spot transactions. The improvement of the downstream plant operating rate is very limited. There is still no news about the resumption of work in Wuhan, where the production of automobile enterprises is relatively concentrated. The downstream demand is passively reduced, and PA66 maintains an embarrassing market situation similar to that with price and no market. There was little trading atmosphere and trading news on the floor.

Future forecast:

Business analysts believe that: in the second half of February, the market of PA66 in China was stable. The dealers of adipic acid producers in the upstream did not improve after resumption of work, the price was stable, and the cost support for PA66 was limited. The situation of downstream factories returning to work is complex, there is no stock or less stock, and the improvement of demand is very limited. The market atmosphere is cold, there is no market with price, and the operation space is small. It is expected that if PA66 transactions are to be active in the near future, it will be necessary to wait until the domestic resumption of work and logistics situation improve.