The PA market fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of October 21, the price of PA produced by OX method was 7,287.5 RMB/ton, a decrease of 1.35% from the price of 7,387.50 RMB/ton on October 14; Compared to the price of PA at 7,200 RMB/ton on October 1st, the price first increased and then decreased, with a rise of 1.22%. After the holiday, the price of OX remained stable, and the cost of OX method PA remained stable. This week, the domestic price of OX method PA was quoted at 7,100-7,300 RMB/ton ex factory, while the price of industrial naphthalene stabilized. The cost of naphthalene based PA decreased, and the domestic price of naphthalene based PA was quoted at 6,900-7,100 RMB/ton ex factory.

Supply side: tight supply of goods

This week, the operating load of domestic PA plants had increased. 80% of the PA equipment in Tongling, Anhui started construction; The 100,000 ton PA plant of Xinyang Group was operating normally, and the PA equipment of Shandong Hongxin was starting up normally; Panjin Ruide Chemical's PA equipment was operating at 80% load, while Shijiazhuang Bailong Chemical's PA equipment was operating normally. The supply of PA from manufacturers had increased, and the supply of PA was sufficient, increasing the downward pressure on PA.

The cost of raw material OX was temporarily stable

According to the Commodity Market Analysis System of SunSirs, as of October 21st, the price of OX was 7,100 RMB/ton, which was temporarily stable compared to the price of OX of 7,100 RMB/ton on October 1st. The price of OX was temporarily stable, the cost of OX method PA was stable, and the downward pressure on OX method PA was weak.

Demand side: The DOP market had fluctuated and fallen this week

According to the Commodity Market Analysis System of SunSirs, as of October 21st, the price of plasticizer DOP was 9,188.75 RMB/ton, a fluctuating decrease of 0.41% compared to the daily price of plasticizer DOP of 9,226.25 RMB/ton on October 14th; Compared to the DOP price of 8,988.75 RMB/ton on October 1st, the DOP price fluctuated and rose by 2.23%. The replenishment of plasticizer DOP h ended, and the demand for DOP had fallen. This week, DOP prices hadfluctuated and fallen. The operating rate of plasticizer enterprises had increased, and the supply of plasticizers had increased; In addition, with the expectation of economic recovery and increased demand, both supply and demand had increased, and the price of plasticizer DOP had fallen from a high level.

Market outlook

According to the PA products data analyst of SunSirs, in terms of cost, the price of OX was temporarily stable, while the cost of PA was stabilizing; In terms of supply, PA manufacturers were operating at high loads, and the supply of PA was sufficient; In terms of demand, DOP manufacturers had increased their production and demand for PA had risen. Both supply and demand had increased, but the increase in supply is expected to be greater than the increase in demand, and it is expected that the market for OX method PA will be weakly consolidated in the future.

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