SunSirs: Cost Support and Demand were Weak, China PA66 fluctuated and declined in July

　　According to SunSirs, the domestic PA66 market fluctuated and weakened in July, and the spot prices of various brands decreased by a narrow margin. As of July 31, the average offer price of PA66 adhesive injection molding sample enterprises of business society was about 38,150 RMB/ ton, a decrease of 1.04% compared with the average price at the beginning of the month and an increase of 102.93% over the same period last year.

　　The raw material adipic acid rose sharply and fell in a narrow range, and the cost side support of PA66 strengthened significantly. However, in July, PA66 market was indifferent to the upstream support feedback, and the market basically maintained the medium and long-term pattern of weak supply and demand, with obvious market characteristics in the off-season. In terms of operating rate, the overall load level of domestic PA66 enterprises was not high this month, some units resumed work, and the supply picked up. In terms of demand, the terminal enterprises follow up slowly, the on-site trading orders are small, the market momentum is insufficient, and the buyers have a heavy wait-and-see mentality. Merchants tentatively hold firm in their offer, and there is profit making shipment in the actual order. Recently, the market momentum has not improved, and the light state continues.

　　SunSirs analysts believe that the domestic PA66 market fluctuated and fell in July. At present, the cost side support of PA66 is strong, but the profits of PA66 itself and downstream users are poor, the demand follow-up is weak, and the cost side support has not been successfully transformed into a positive effect on the spot price. In the current off-season market with weak supply and demand, it aggravates the cost pressure of PA66. China PA66 market is expected to be weak in the short term.