After the holiday, the PA market fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of February 10th, the price of OX method PA was 7,312.50 RMB/ton, which fluctuated and increased by 0.17% compared to the price of 7,300 RMB/ton on February 6th. The production of PA equipment was stable at a low level, and the inventory of PA was low; The downstream demand for PA remained stable. The price of OX has risen, the cost of raw materials has increased, and the driving force for the price increase of PA has increased.

Supply side: tight 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 OX increased after the holiday

According to the Commodity Market Analysis System of SunSirs, as of February 10th, the price of OX was 7,300 RMB/ton, an increase of 1.39% from the price of OX on February 6th, which was 7,200 RMB/ton. The price of OX has fluctuated and risen, and the cost of OX method PA has increased. The upward momentum of OX method PA has increased. The price of industrial naphthalene was consolidating strongly, and the cost of naphthalene PA was stabilizing strongly. The overall cost support for PA raw materials was increasing.

Demand side: DOP market fluctuated and rose after the holiday

According to the Commodity Market Analysis System of SunSirs, as of February 10th, the DOP price was 8,601.25 RMB/ton, a fluctuating increase of 0.44% compared to the DOP price of 8,563.75 RMB/ton on February 6th. After the Spring Festival, downstream customers replenished their inventory, and downstream production was at a high level. The demand for raw material PA urgently needed to be purchased, and the demand for PA briefly rebounded. With the end of the replenishment of plasticizer manufacturers after the holiday, the support for PA demand weakened.

Market outlook

According to the PA products data analyst of SunSirs, in terms of cost, the price of OX has increased, the price of industrial naphthalene has increased, and the cost of PA has increased. There was a strong driving force for the cost increase of PA; In terms of demand, DOP manufacturers had high operating loads, coupled with post holiday inventory replenishment, which provided significant support for PA demand. In the future, with the end of inventory replenishment, demand will fall, industrial naphthalene prices will rise, cost expectations will increase, OX prices will rise, PA costs will rise, and PA prices will slightly increase in the future.

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