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PA66 GF PRICES DECREASED SUBSTANTIALLY IN JULY

July 21, 2022
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PA66 GF prices decreased substantially in July versus June in Europe due to better supply and decreasing demand.

As costs have continued to climb, producers sacrificed margins to maintain sales.

During the past year, PA66 prices surged after supply shortages and then energy cost increases.

Faced with good demand, producers were able to increase prices and also margins.

But lately the trend has changed to the downside.

The reduction in production disruptions has improved supply. And with the lower demand, inventories have apparently increased.

The current weakness resulted in some accounts seeing triple digit decreases in July.

Meanwhile, some buyers could only manage rollovers in July. While these were few, there was no indication of price increases at any account.

What is more, the current trend is likely being driven also by the surge in energy costs eroding Europe’s competitiveness, on polymers and finished goods.

July is a slow seasonal month when companies shut down for the summer. However, the current slowdown are do to with more than just seasonal trends.

The doward momentum will probably continue in August and possibly after the summer.

Nonetheless, the war, the slowdown in China, and inflationary pressures, make any forecast highly uncertain.

While the range of possibilities remain wide, the PA66 market in Europe during the past two months has become weak, a trend that could continue for the rest of the year.

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