The PA market fell again this week

According to the Commodity Market Analysis System of SunSirs, the price trend of PA produced by OX method had fallen again this week. As of August 21, the price of PA produced by OX method was 7,800 RMB/ton, a decrease of 0.95% from the price of 7,875 RMB/ton on August 12; Compared to August 1st, the price of PA had continued to decline at 7,887.50 RMB/ton, a decrease of 1.11%. In August, the price of PA declined slightly several times, and this week, the price of PA continued its downward trend and fell again. Domestic neighboring PA was priced at 7,500-7,800 RMB/ton before leaving the factory, while domestic naphthalene method PA was priced at 7,200-7,300 RMB/ton before leaving the factory.

Supply side: Stable supply of goods

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, and the PA equipment of Shandong Hongxin was undergoing maintenance. The domestic PA operating rate was about 60%, and the spot supply of PA was stable. The sales situation of PA manufacturers was average. This week, the industrial naphthalene price was strong and stable, the naphthalene method PA market was stabilizing, the PA market was weak and stable, the cost support was decreasing, and the OX method PA market was temporarily stable.

The cost of PA raw material OX decreased

According to the Commodity Market Analysis System of SunSirs, as of August 21st, the price of OX was 8,100 RMB/ton, a decrease of 4.71% from the price of OX at the beginning of the month, which was 8,500 RMB/ton. The price of OX had continuously dropped significantly, and the cost of PA raw materials had decreased, putting significant pressure on PA to decline. Industrial naphthalene manufacturers reduced their load and pressure, resulting in a tight supply and a narrow rise in industrial naphthalene prices. The price of naphthalene method PA had fallen to the bottom line of manufacturers, indicating a strong willingness to raise prices.

Demand side: The DOP market was weak to be upward

According to the Commodity Market Analysis System of SunSirs, as of August 21st, the price of plasticizer DOP was 9,001 RMB/ton, a decrease of 2.70% from the price of 9,251 RMB/ton on August 11th last week; Compared to the DOP price of 9,500 RMB/ton on August 1st at the beginning of the month, the DOP price fluctuated and fell by 5.25%. Last weekend, the price of plasticizers rebounded slightly, and the market demand for plasticizers was bullish. However, the market recovery did not meet expectations, and the peak season was not prosperous, resulting in weak upward momentum in the DOP market.

Market outlook

According to the data analyst of SunSirs' PA products, in terms of cost, the continuous decline in the price of OX led to a decrease in the cost of PA; On the demand side, the downstream DOP market fluctuated and fell, and the demand for plasticizers did not recover as expected. Cost reduction and weak demand, it is expected that the market for OX method PA will decline in the future.

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