This week, the price of PA had slightly fallen
According to the Commodity Market Analysis System of SunSirs, the price trend of OX method PA had fallen this week. As of July 19th, the price of OX method PA was 8,075 RMB/ton, a slight decrease of 0.15% from the price of 8,087.50 RMB/ton on July 12th. Domestic OX method PA was priced at 7,800-8,100 RMB/ton before leaving the factory, while domestic naphthalene based PA was priced at 7,450-7,550 RMB/ton before leaving the factory.
Supply side: supply of goods tightened
The operation of domestic PA plants was temporarily stable, the PA equipment in Tongling, Anhui was running normally, the 100,000 ton PA plant of Xinyang Group was running stably, the PA equipment of Shandong Hongxin was undergoing maintenance, the domestic PA operating rate was around 60%, the spot supply of PA was stable, and the sales situation of PA manufacturers was average. This week, the industrial naphthalene price fluctuated slightly and fell, the naphthalene PA market fell, the OX market stabilized, and under the cost support, the OX method PA market slightly declined.
Demand side: DOP market fluctuated and fell
According to the Commodity Market Analysis System of SunSirs, as of July 19th, the price of plasticizer DOP was 9,725 RMB/ton, which fluctuated and fell by 1.89% compared to the DOP price of 9,912.50 RMB/ton on July 12th last weekend. The market for PA, a raw material for plasticizers, had fluctuated and stabilized, while the price of 2-EH had fluctuated and fallen. The cost of plasticizers had also decreased, and the price of DOP, a plasticizer, had fluctuated and fallen this week. With the arrival of the hot and rainy season, PVC entered a seasonal off-season in the industry, with both domestic demand off-season and export reduction coexisting. Downstream manufacturers were in the off-season, with low production levels and weak follow-up on actual transactions. The demand for plasticizers was poor, and there was significant downward pressure on plasticizers.
Market outlook
The data analyst for PA products at SunSirs believes that in terms of cost, the recent trend of crude oil prices had been fluctuating and consolidating, the price of OX had stabilized, and the cost support for PA still existed; In terms of demand, the downstream DOP market had fluctuated and fallen, resulting in poor demand for plasticizers. The cost was temporarily stable with weak demand, and the downward pressure on PA was increasing; The market for naphthalene based PA hasd weakened, which was bearish for OX method PA. It is expected that the market for OX method PA will remain weak and consolidate in the future.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.