Over the past week (January 10 to 16, 2026), the PA66 market exhibited a volatile downward trend, with the benchmark price declining from 15,766.67 yuan/ton to 15,333.33 yuan/ton, representing a weekly decrease of 2.75%. This week, adipic acid prices experienced a slight increase of approximately 0.92%. PA66 production operations remained stable, ensuring ample supply, while downstream demand remained sluggish, with procurement primarily driven by essential needs.
Looking ahead, the supply-demand imbalance shows no significant signs of improvement, and prices are likely to continue fluctuating weakly. Attention should be paid to downstream restocking patterns and fluctuations in raw material prices. If new production capacities are released as scheduled, supply pressure may intensify further, potentially leading to additional price declines. However, if downstream demand recovers (e.g., after the Spring Festival holiday), prices may find support.
PriceSeek Analysis
PA66, Bull-Bear Score: -1
The article notes a 2.75% weekly decline in the PA66 benchmark price, from 15,766.67 yuan/ton to 15,333.33 yuan/ton, primarily due to stable production operations and ample supply, coupled with weak downstream demand and procurement driven by essential needs. The supply-demand imbalance shows no significant improvement, and the market is expected to remain weak in the near term. If new production capacities come online, supply pressure may intensify, potentially leading to further price declines. However, if demand recovers after the Spring Festival, prices may find support. This reflects the current oversupply situation, exerting a generally bearish impact on spot prices. While the decline is notable, it is not extreme, hence the score of -1.
Adipic Acid, Bull-Bear Score: 0.5
The article mentions a slight increase in adipic acid prices this week, rising by approximately 0.92%. As a raw material for PA66, the price increase may be attributed to supply-side factors or cost support, but the rise is limited, and no specific driving factors are mentioned. Given the overall weak demand in the market, this represents a mild positive development, providing slight support to spot prices. However, it is insufficient to reverse the broader bearish trend in the commodity market, hence the score of 0.5.
Comments
0