The PA market fell first and then rose this week

According to the Commodity Market Analysis System of SunSirs, as 6912.50 RMB/ton of March 10th, the price of OX method PA was 6,950 RMB/ton, a decrease of 2.63% compared to the price of 7,137.50 RMB/ton on March 1st; The price of PA has increased by 0.54% compared with the price of 6912.50 RMB/ton on March 9th. The operating load of PA equipment was stable, and the inventory of PA was low; The operating load of plasticizer enterprises has increased, and downstream demand for PA has rebounded. The price of industrial naphthalene was stabilizing, the maintenance of OX units was delayed, the supply of OX was sufficient, and the support for the rise of OX still existed. The price of OX was temporarily stable, and the cost of raw materials was temporarily stable. The downward pressure on PA prices has weakened, and the upward support has increased.

Supply side: Adequate supply of goods

The maintenance of the Yangzi Petrochemical plant has been postponed to May. It is expected that the supply of OX will be relatively stable in March and April, and the export window will continue to open. Domestic OX spot supply was stable, and OX method PA enterprises started operating at high loads, and the supply of OX method PA was stable.

This week, the cost of raw materials such as OX was temporarily stable

According to the Commodity Market Analysis System of SunSirs, as of March 10th, the price of OX was 7,300 RMB/ton, which was temporarily stable compared to the price of OX on March 1st at 7,300 RMB/ton. The expected maintenance of OX was ahead of schedule, the supply of OX was reduced, the price of OX was increasing, and the cost of OX method PA was stabilizing and rebounding; The price of industrial naphthalene was stabilizing, the cost of naphthalene based PA was stabilizing, and the cost support of PA still existed.

Demand side: The DOP market stopped falling and rebounded

According to the Commodity Market Analysis System of SunSirs, as of March 10th, the DOP price was 8,213.75 RMB/ton, a decrease of 1.35% compared to the DOP price of 8,326.25 RMB/ton on March 1st; The DOP price has increased by 0.92% from the price of 8,138.75 RMB/ton on March 9th. Plasticizer DOP enterprises resumed production, demand for PA increased, inventory of PA decreased, and the upward momentum of PA increased.

Market outlook

According to the PA products data analyst of SunSirs, in terms of costs, the expected start of production for PA has decreased, the supply of PA has decreased, the support for the rise in OX prices has increased, the price of industrial naphthalene has temporarily stabilized, and the cost of PA has stabilized, with increased support for the rise in PA costs; In terms of demand, the operating load of DOP manufacturers has increased, and the support for the increase in demand for PA has increased. In the future, as costs rise and demand recovers, it is expected that the price of PA will fluctuate and rise.

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