The PA market fluctuated and fell in April 

According to the Commodity Market Analysis System of SunSirs, as of April 29th, the price of OX method PA was 7,150 RMB/ton, a fluctuating decrease of 3.81% compared to the price of 7,433.33 RMB/ton on April 1st. At the end of March, multiple PA manufacturers stopped for maintenance, and the operating load of PA manufacturers decreased to about 50%. The supply of PA decreased, and the price of PA rose sharply. With the slow recovery of equipment operation in PA enterprises in April, the price of PA fluctuated and fell. In the middle and late stages, downstream centralized procurement supported the demand for PA, and the price of PA stopped falling and stabilized. The price of naphthalene based PA was stabilizing strongly, supported by the cost of PA. The upward support for PA prices still existed, and the price of PA stopped falling and stabilized.

Supply side: work resumed, supply increased

The PA units that were shut down for maintenance in March resumed gradually in April, and the capacity utilization rate of the domestic PA industry increased. The capacity utilization rate of the naphthalene based PA industry remained stable; The utilization rate of production capacity in the domestic PA industry was slowly recovering. The overall supply of PA has increased.

Demand side: DOP market fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of April 29th, the DOP price was 8,166.66 RMB/ton, a fluctuating decrease of 1.47% from the April 1st DOP price of 8,288.75 RMB/ton. The operating rate of plasticizer DOP enterprises dropped to about 50%, the production of plasticizer DOP has decreased, raw material prices had fallen, the cost of plasticizer DOP has decreased, and the demand for cost reduction had weakened. As a result, plasticizer prices fluctuated and fell in April. The demand for PA was weak, and there was still downward pressure on PA prices.

Market outlook

According to the PA products data analyst of SunSirs, in terms of supply, PA manufacturers were slowly resuming production, and the supply of PA was increasing; In terms of demand, the operating load of DOP manufacturers was stabilizing at a low level, while the demand for PA was weak. In the future, with strong supply and weak demand, it is expected that the price of PA will fluctuate and stabilize.

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