SunSirs: The Domestic PA Market Had Fallen This Week

https://www.chemnet.com   Jun 17,2024 SunSirs

The price of PA fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, the domestic market price trend of OX method PA had fallen this week. As of June 14th, the quoted price of OX method PA was 8,075 RMB/ton, a decrease of 1.37% from the price of 8,187.5 RMB/ton on June 7th; Compared to the price of 8,187.5 RMB/ton at the beginning of the month, it had decreased by 1.37%.

Supply side: Stable device operation and tightened supply of goods

The operation of domestic PA units was temporarily stable, while the operation of Anhui Tongling OX method PA equipment was normal. The 100,000 ton PA unit of Xinyang Group was stable, and Shandong Hongxin PA equipment was on a maintenance, and domestic PA operating rate was about 60%. The spot supply of PA was normal, and the delivery situation of PA manufacturers was average. This week, the price of industrial naphthalene had fallen, and the market of naphthalene OX mehtod PA had fallen, which had affected the price of OX method PA.

On the demand side: the DOP market purchased on demand, and the market trend was declining

According to the Commodity Market Analysis System of SunSirs, as of June 14th, the price of plasticizer DOP was 10,250 RMB/ton, a fluctuation decrease of 1.44% compared to the DOP price of 10,400 RMB/ton on June 7th. The market for plasticizer raw material PA has declined, the price of 2-EH had fluctuated and fallen, the cost of plasticizers had decreased, plasticizer DOP enterprises wee operating steadily, and the supply of plasticizer DOP was sufficient. Downstream construction is expected to rise, while demand is expected to rebound. The support for the rise of plasticizers still existed.

Market outlook

According to PA products data analysts from SunSirs, the recent trend of crude oil prices had fluctuated and risen, while the high price of OX had temporarily stabilized, and the cost support for PA still existed; The downstream DOP market was fluctuating and falling, and the demand for plasticizers was falling. The downstream procurement enthusiasm was not high, and it is expected that the market price of OX method PA will mainly fluctuate and consolidate in the later stage.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

 Print  |    add to Favorites  |    Close