According to the Commodity Market Analysis System of SunSirs, as of August 28th, the price of PA produced by OX method was 7,587.50 RMB/ton, a decrease of 3.80% from the price of 7,887.50 RMB/ton on August 1st. The prices of raw materials had been continuously falling, and the price of PA had slightly declined several times in August, resulting in a sustained downturn in the PA market. At the end of August, domestic OX method PA was priced at 7,500-7,700 RMB/ton before leaving the factory, while domestic naphthalene based PA was priced at 7,100-7,300 RMB/ton before leaving the factory.

Supply side: Stable supply of goods

The operation of domestic PA plants was temporarily stable, the PA equipment in Tongling, Anhui was running normally, the 100,000 ton PA plant of Xinyang Group was running stably, and the PA equipment of Shandong Hongxin was undergoing maintenance. The domestic PA operating rate was around 60%, and the spot supply of PA was stable. The sales situation of PA manufacturers was average. In August, the industrial naphthalene price stabilized strongly, and the naphthalene based PA market stabilized. The OX market fell, and the cost support decreased, resulting in a decline in the OX method PA market.

From:SunSirs