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SunSirs: The Domestic PA Market Had Declined This Week

Time:2024-06-25

According to the Commodity Market Analysis System of SunSirs, the domestic market price trend of OX method PA had declined this week. As of June 18th, the quoted price of OX method PA was 8,062.50 RMB/ton, a decrease of 0.15% compared to the price of 8,075 RMB/ton on June 17th; The price of PA decreased by 0.92% compared to 8,137.5 RMB/ton on June 11th; Compared to the price of 8,187.5 RMB/ton at the beginning of the month, the price had decreased by 1.53%. The domestic price for OX method PA was 7,800-8,100 RMB/ton for factory delivery, while the domestic price for naphthalene method PA was 7,300-7,600 RMB/ton for factory delivery.

Supply side: supply of goods tightened

The operation of domestic PA units was temporarily stable, while the operation of Anhui Tongling OX method PA equipment was normal. The 100,000 ton PA unit of Xinyang Group was operating stably, and the PA equipment of Shandong Hongxin was undergoing maintenance. The operating rate of domestic PA was around 60%, and the spot supply of PA was normal. The sales situation of PA manufacturers was average. This week, the price of industrial naphthalene had fallen, the market of naphthalene method OX PA had declined, and the price of OX method PA had also declined.

On the demand side, mainly purchased on-demand and the trend of the DOP market was declining

According to the Commodity Market Analysis System of SunSirs, as of June 18th, the price of plasticizer DOP was 10,150 RMB/ton, a fluctuating decrease of 2.05% compared to the DOP price of 10,362.50 RMB/ton on June 11th. The market for plasticizer raw material PA had declined, the price of 2-EH had fluctuated and fallen, the cost of plasticizers had decreased, plasticizer DOP enterprises had started production steadily, and the supply of plasticizer DOP was sufficient. Downstream construction is expected to rise, while demand is expected to rebound. The support for the rise of plasticizers still existed.

Market outlook

According to PA products data analysts from SunSirs, in terms of cost, the recent trend of crude oil prices had fluctuated and risen, while the high price of OX had temporarily stabilized, and the cost support for PA still existed; The downstream DOP market was fluctuating and falling, with a decrease in demand for plasticizers. Downstream procurement enthusiasm was average, and it is expected that the market price of OX method PA will mainly fluctuate and consolidate in the later stage.

From:SunSirs