SunSirs: On July 3rd, the Trend of the PA Market in South China Stabilized

https://www.chemnet.com   Jul 04,2024 SunSirs

Price trend

On July 3rd, the trend of the PA market in South China stabilized.

Analysis review

Downstream factories maintained essential procurement, but high-end transactions were hindered. The mainstream price negotiated for OX method sources on site was 7,800-8,000 RMB/ton, while the mainstream price negotiated for naphthalene method sources was 7,450-7,550 RMB/ton. The price of naphthalene method PA was temporarily stable. The downstream plasticizer market had slightly increased, while the price of OX had slightly increased. The operation of merchant devices was stable, and downstream demand was normal. The sales situation on the market was average.

Market outlook

The price trend of PA will tend to stabilize strongly in the later stage.

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