SunSirs: The PA Market in South China Weakly Stabilized on August 2nd

https://www.chemnet.com   Aug 05,2024 SunSirs

Price trend

On August 2nd, the price trend of PA in the South China region was weak and stabilized. Downstream factories maintained their essential procurement, and high-end transactions were hindered. The mainstream for on-site OX method source negotiations was between 7,500-7,700 RMB/ton, and the mainstream for naphthalene method source negotiations was between 7,300-7,400 RMB/ton.

Analysis review

The price of naphthalene anhydride was weak and stabilizing, the downstream plasticizer market was fluctuating and stabilizing, the price of OX was weak and temporarily stable, the operation of merchant facilities was stable, downstream demand was average, and on-site sales were average.

Market outlook

The price trend of PA is weakly stabilizing in the later stage.

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