SunSirs: Market Trends of PA in Some Regions of China on October 8th

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

On October 8th, the PA market in Shandong Province showed an upward trend, with downstream factories maintaining their demand for essential purchases. High end transactions were hindered, and negotiations for OX method PA sources in the market were mainly between 7,100-7,300 RMB/ton, while negotiations for naphthalene sources PA were mainly between 7,000-7,100 RMB/ton. The price of raw material OX method PA remained stable for the time being, while downstream plasticizer prices fluctuated and rose. The operation of on-site merchants' equipment was stable, and sales were average. The PA market is expected to rise in the future.

On October 8th, the price trend of PA in the North China market rose, with the mainstream price range of 7,100-7,300 RMB/ton for OX method PA and 7,000-7,100 RMB/ton for naphthalene method PA. The price of industrial naphthalene increased, while the price of naphthalene method PA fluctuated and rose. The downstream plasticizer market also fluctuated and rose, and the price of OX method PA stabilized strongly. Downstream on-demand procurement was the main trend, and the price trend of PA will increase in the later stage.

On October 8th, the price of PA in the Jiangsu region rose, and downstream factories maintained their purchasing on demand. The mainstream negotiation for PA sources was between 7,100-7,300 RMB/ton, and the mainstream negotiation for naphthalene sources was between 7,000-7,100 RMB/ton. Recently, the spot supply in the domestic PA market had been normal, and the price of raw materials such as PA had fluctuated and stabilized. The downstream plasticizer market had fluctuated and risen, and downstream on-demand procurement was the main trend. Later, the price of PA market will rise.

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