SunSirs: Cost Supported, Domestic PA Market Fluctuated and Rose This Week

https://www.chemnet.com   Jul 08,2024 SunSirs

The price of PA fluctuated and rose this week

According to the commodity market analysis system of SunSirs, the domestic market price trend of OX method PA had increased this week. As of July 5th, the quoted price of OX method PA was 8,087.50 RMB/ton, which was a fluctuating increase of 0.47% compared to the price of 8,050 RMB/ton on July 1st. The domestic ex factory price for OX method PA was 7,800-8,100 RMB/ton, while the domestic ex factory price for naphthalene based PA was 7,450-7,600 RMB/ton.

Supply side: Supply of goods tightened

The operation of domestic PA units was temporarily stable. The operation of Anhui Tongling OX method PA equipment was normal. The 100,000 ton PA unit of Xinyang Group was operating stably, and the PA equipment of Shandong Hongxin was undergoing maintenance. The operating rate of domestic PA was around 60%, and the spot supply of PA was stable. The sales situation of PA manufacturers was average. This week, the price of industrial naphthalene fluctuated and increased, and the market of naphthalene based PA rebounded. The market of OX rose, and the market of OX method PA rose. This week, the market for PA fluctuated and rose.

Demand side: procurement on demand in the DOP market, and the market trends fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of July 5th, the price of plasticizer DOP was 9,987.50 RMB/ton, which fluctuated and increased by 1.27% compared to the DOP price of 9,862.50 RMB/ton on July 1st. The market for plasticizer raw material PA had fluctuated and risen, while the price of 2-EH had fluctuated and risen. The cost of plasticizers had also increased, and this week the price of plasticizers had fluctuated and risen. The production of plasticizer DOP enterprises was stable, and the supply of plasticizer DOP was sufficient; Downstream operating rates are expected to rise, and demand is expected to rebound. The support for the rise of plasticizers is increasing.

Future Market Forecast

According to the PA products data analyst of SunSirs, in terms of cost, the recent trend of crude oil prices had fluctuated and increased, while the price of OX had risen, increasing the cost support for PA; In terms of demand, the downstream DOP market had fluctuated and risen, and the demand for plasticizers had rebounded. It is expected that the market price of OX method PA will mainly fluctuate and rise in the future.

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