This week, the price of PA stopped falling and stabilized
According to the Commodity Market Analysis System of SunSirs, the domestic market price trend of OX method PA had stabilized this week. As of June 24th, the quoted price of OX method PA was 8,050 RMB/ton, a decrease of 0.31% compared to the price of 8,075 RMB/ton on June 17th; Compared to the price of 8,075 RMB/ton on June 14th, the price of PA decreased by 0.31%. The domestic quoted factory price for OX method PA was 7,800-8,000 RMB/ton, and the domestic quoted factory price for naphthalene method PA was 7,300-7,500 RMB/ton.
Supply side: supply of goods was 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 first fell and then stabilized, while the naphthalene method PA market was weak and stable. The OX method PA market was stabilizing, and the OX method PA market was falling and then stabilizing. This week, the market for PA had stopped falling and stabilized.
Demand side: procurement in the DOP market was on demand, market trends fluctuated and declined
According to the Commodity Market Analysis System of SunSirs, as of June 24th, the price of plasticizer DOP was 10,075 RMB/ton, a fluctuation decrease of 1.35% compared to the DOP price of 10,212.50 RMB/ton on June 17th; Compared to the DOP price of 10250 RMB/ton on June 14th, the DOP price decreased by 1.71%. The market for plasticizer DOP raw material PA had stabilized, while the price of 2-EH had fluctuated and fallen. The cost of plasticizer DOP had decreased, and the production of plasticizer DOP enterprises was stable. The supply of plasticizer DOP was sufficient. Downstream construction was expected to rise, and demand was stabilizing. The support for the rise of plasticizers still existed.
Future analysis
According to PA products data analysts from SunSirs, in terms of cost, the recent trend of crude oil prices had fluctuated and risen, 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, and the demand for plasticizers was temporarily stable. Downstream procurement enthusiasm was average, and it is expected that the market price of OX method PA will mainly fluctuate and consolidate in the later stage.
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