Price trend

On April 23rd, the market trend of PA in Shandong region stabilized, with the main source of PA for OX method PA being negotiated at 7,000-7,200 RMB/ton, and the main source of PA for naphthalene based method PA being negotiated at 6,900-7,000 RMB/ton.

Analysis review

The prices of raw materials such as OX were fluctuating and stabilizing, industrial naphthalene prices were fluctuating and consolidating, PA costs were stabilizing, downstream plasticizer market was declining, equipment maintenance and operation of PA manufacturers were slowly increasing, overall PA market supply was increasing, plasticizer enterprise load was stable, and enthusiasm for PA procurement still existed.

Market outlook

The PA market is expected to fluctuate and stabilize in the future.