SunSirs: The Domestic PA Market Fluctuated and Fell in June

https://www.chemnet.com   Jul 01,2024 SunSirs

The price of PA fluctuated and fell in June

According to the Commodity Market Analysis System of SunSirs, the domestic market price trend of OX method PA in June fluctuated and fell. As of June 28th, the quoted price of OX method PA was 8,050 RMB/ton, a decrease of 1.68% from the price of 8,187.50 RMB/ton on June 1st. At the end of June, the domestic ex factory price for OX method PA was 7,800-8,000 RMB/ton, while the domestic ex factory price for naphthalene based PA was 7,300-7,600 RMB/ton.

Supply side: supply of goods tightened

The operation of domestic PA units was temporarily stable, while the operation of Anhui Tongling Linfa PA equipment was normal. The 100,000 ton PA unit of Xinyang Group was operating stably, and the maintenance of Shandong Hongxin PA equipment had resulted in a domestic PA operating rate of about 60%. The spot supply of PA was stable, and the sales situation of PA manufacturers was average. At the end of June, the price of industrial naphthalene rose, the market of naphthalene based PA rose, the market of OX stabilized, and the market of OX method PA fluctuated and fell. The market for PA fluctuated and fell in June.

Demand side: DOP purchased on demand, market trend fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of June 28th, the price of plasticizer DOP was 9,875 RMB/ton, a fluctuating decrease of 2.35% compared to the DOP price of 10,112.50 RMB/ton on June 1st; Compared to the DOP price of 10,400 RMB/ton on June 10th, it had decreased by 5.05%. The market for plasticizer raw material PA fluctuated and fell, while the price of 2-EH first rose and then fell. The cost of plasticizer DOP decreased, and the production of plasticizer DOP enterprises remained stable. The supply of plasticizer DOP was sufficient. Downstream manufacturers of plasticizers were experiencing a decline in production and poor demand. The downward pressure on plasticizers was increasing.

Market outlook

According to PA product data analysts of SunSirs, in terms of cost, the recent trend of crude oil prices fluctuated and increased, 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, with poor demand for plasticizers and poor purchasing enthusiasm. 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