SunSirs: Market Momentum is Insufficient, China PA66 Market is Weak and Deadlocked

　　According to the data of SunSirs, the domestic PA66 market fell slightly in the middle of June, and the spot prices of various brands were stable. As of June 21, the average offer price of PA66 sample enterprises was about 39,100 RMB/ ton, a decrease of 0.76% compared with the average price at the beginning of the month, and a rise of 104.18% compared with the same period last year.

　　Adipic acid in the upstream market maintains horizontal finishing operation. Affected by the continuous effect of relatively weak demand, it entered the current round of stalemate at the beginning of the month. It is expected that spot prices will continue the stalemate trend in the short term.

　　Raw material adipic acid runs sideways, PA66 cost side support is maintained, recent PA66 market is in the typical off-season and the demand is weak, the spot price is narrow adjusted. The overall operating rate of domestic PA66 industry is still not high, and the performance of on-site cost support and supply side support is acceptable. In the off-season of rubber and plastic industry, the overall wait-and-see attitude of the industry is heavy, the merchants are flexible to negotiate the shipment, the consumption of end users is shrinking, and the purchasing power is insufficient. The resistance of high price source of goods is still large. Recently, the market atmosphere is light, the market inquiry is limited, and the actual single transaction is mainly small.

　　SunSirs analysts believe: in the middle of June, the domestic market of PA66 is stable and declining, and the profit situation of polymerization enterprises and end users is not ideal. In addition, the industry is in the off-season, and the consumption is low. Capacity loss and upstream cost support still exist, but the market atmosphere is weak and supply and demand are weak. It is expected that China PA66 market will be easy to fall but difficult to rise in the short term.