PA66 Weekly Review (2025-05-19 To 2025-05-23)

PA66 Weekly Review (2025-05-19 to 2025-05-23)

This Week's Focus:

This week, the PA66 average weekly capacity utilization rate was 50%, up 2 percentage points from last week. Weekly production was 13,300 tons, an increase of 300 tons compared with last week. On May 22, the market price of EPR27 in the Chinese market was in the range of 16,000 - 16,200 yuan/ton, stable compared with last week.

Raw material costs: In May 2025, the execution price of hexamethylenediamine from Invista decreased by 300 yuan/ton, which may keep PA66 raw material costs relatively stable. However, in the short term, the cost pressure on PA66 is still high, and the follow-up situation on the demand side needs to be closely watched. Under this situation, the market may have strong finishing expectations.

This Week's Market Analysis:

This week, the PA66 market saw dynamics in production, demand, and market trends. In terms of production, the average weekly capacity utilization rate reached 50%, up by 2% from last week. Weekly production was 13,300 tons, an increase of 300 tons from last week, indicating a positive trend on the production side. At the demand level, the improved industry sentiment boosted downstream purchasing sentiment, injecting vitality into the market. Regarding market trends, as of May 22, the market price of EPR27 in the Chinese market remained stable in the 16,000 - 16,200 yuan/ton range. Overall, this week, due to increased production and improved demand sentiment, PA66 market prices in some regions remained stable.

Market Influencing Factors:

The PA66 market is currently affected by several factors. On the cost side, raw material adipic acid showed a fluctuating trend. The execution price of adipic diamine in May was cut by 300 yuan/ton, leading to significant cost pressure. In terms of market supply-demand and sentiment, the easing of tariffs improved the market's wait-and-see mentality. However, with sufficient stock availability and rising capacity utilization rates, demand conduction becomes the key. Overall, in the short term, PA66 faces substantial cost pressure. The market trend will largely depend on the performance of the demand side, and the market is expected to undergo strong finishing.

Next Week's Market Forecast:

It is expected that next week, the trends of related products in the domestic chemical market will vary. The adipic acid market is likely to see strong finishing. The dynamics of major manufacturers, including their production plans, inventory levels, and sales strategies, could significantly impact the market direction. In the short term, adipic diamine may show narrow fluctuations, keeping the raw material costs of domestic PA66 relatively stable, but cost pressure remains high. The market focus should be more on the demand side. Although PA66 currently has strong finishing expectations, the actual performance of the demand side will determine its market trend.