SunSirs: The PA Market Fluctuated and Rose in January

The PA market fluctuated and rose in January

According to the Commodity Market Analysis System of SunSirs, as of January 31st, the price of OX method PA was 7,312.50 RMB/ton, a fluctuating increase of 10.80% compared to the price of 6,600 RMB/ton on January 1st at the beginning of the month. The production of PA equipment was stable at a low level, and the inventory of PA was low; Spring Festival stocking, downstream demand for PA increases. 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: supply of goods was tight

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 material OX increased in January

According to the Commodity Market Analysis System of SunSirs, as of January 31st, the price of OX was 7,200 RMB/ton, an increase of 7.46% compared to the price of 6,700 RMB/ton on January 1st at the beginning of the month. The price of OX has fluctuated and risen, and the cost of OX methed PA has increased. The upward momentum of OX PA has increased. The price of industrial naphthalene has risen, and the cost of naphthalene PA has increased. The overall cost support for PA raw materials has increased.

Demand side: The DOP market fluctuated and rose in January

According to the Commodity Market Analysis System of SunSirs, as of January 31st, the DOP price was 8,576.25 RMB/ton, a fluctuating increase of 4.25% compared to the DOP price of 8226.25 RMB/ton on January 1st. Downstream production was at a high level, and the demand for raw material PA was in urgent need of procurement. Prior to the Spring Festival, the replenishment of plasticizer manufacturers has ended, and the demand for PA has increased.

Market outlook

According to the data ana PA products lyst of SunSirs', in terms of cost, the price of OX has fluctuated and risen, the price of industrial naphthalene has risen, and the cost of PA has risen. There was a strong driving force for the increase in PA cost; In terms of demand, DOP manufacturers had high operating loads, coupled with Spring Festival stocking, which provided significant support for PA demand. Overall, with cost support and rising downstream demand, the PA market was on the rise. In the future, with the end of the Spring Festival inventory replenishment, demand will fall, industrial naphthalene prices will rise, cost expectations will increases, and PA prices will slightly increase.

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