This week, the PA market saw a significant increase

According to the Commodity Market Analysis System of SunSirs, as of January 13th, the price of PA was 7,050 RMB/ton, a significant increase of 6.62% compared to the price of 6,612.50 RMB/ton on January 6th; Compared to January 1st, the price of PA increased significantly by 6.82% to 6,600 RMB/ton. The operation of PA equipment was stable and inventory of PA was low; Plasticizer companies were operating at a high level, and there was active demand for PA procurement, which supported the demand for PA. With stocking up before the Spring Festival, the demand for PA briefly increased. The price of OX has risen significantly, the cost of raw materials has increased, and the driving force for the price increase of PA has increased.

Supply side: Adequate supply of goods

Domestic PA plants operated at low loads, with approximately 60% of PA manufacturers operating at capacity. PA manufacturers had low inventory levels, resulting in tight supply of PA.

The cost of raw materials such as benzene increased this week

According to the Commodity Market Analysis System of SunSirs, as of January 13th, the price of OX was 7,200 RMB/ton, a significant increase of 7.46% compared to the price of 6,700 RMB/ton on January 6th. The price of OX has significantly increased, and the cost of OX method PA has risen, increasing the driving force for the rise of OX method PA. Industrial naphthalene prices were consolidating strongly, and the cost of naphthalene PA was rising. The overall cost support for PA raw materials has increased.

Demand side: The DOP market fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of January 13th, the DOP price was 8,401.25 RMB/ton, a fluctuating decrease of 1.32% compared to the DOP price of 8,513.75 RMB/ton on January 6th. Plasticizer companies had high profits, and they were actively starting production. The demand for raw material PA was also active, and before the Spring Festival, plasticizer manufacturers will replenish their inventory, which will greatly support the demand for PA.

Market outlook

According to the PA products data analyst of SunSirs, in terms of cost, the price of OX has significantly increased, and the price of industrial naphthalene has remained strong and consolidated. The cost of PA has risen, and the driving force for the increase in PA costs has increased; In terms of demand, DOP manufacturers had high operating loads, coupled with stocking up before the Spring Festival, which provided strong support for PA demand. Overall, with cost support and downstream demand, it is expected that the PA market will rise in the future.

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