Home Latest News & Insights PA6 AND PA66 MARKETS GRAPPLE WITH WEAK DEMAND IN APRIL

PA6 AND PA66 MARKETS GRAPPLE WITH WEAK DEMAND IN APRIL

April 26, 2023
macroeconomy

PA6 and PA66 markets grapple with weak demand. In April, the European polyamide 6 (PA6) and polyamide 66 (PA66) markets faced downward pressure on prices.

The current developments can be attributed mainly to persistent weak demand and an increasingly oversupplied market.

Trade dynamics and a challenging outlook further complicate the situation for these materials.

Furthermore, weak demand in China and the strengthening of the Euro add to the negative impact on trade in the European market.

PA6 prices have declined more significantly than PA66 prices. The PA6 market is struggling with overcapacity, increased competition from imports, and the ability for buyers to switch suppliers.

There have been some positive developments in specific market segments. For example, automotive industry experienced an increase in sales. However, this growth may not be sufficient to reverse the current downward trend in prices.