SunSirs: Domestic Phthalic Anhydride (PA) Continues to Fall on 5th November while Acetone Rises
November 07 2019 12:15:21 (Daisy)
Product Name: Phthalic Anhydride (PA)
East China Market Price (5th November): 7,300 RMB/t
Market Analysis: PA market is not so optimistic in this week. The market goes down, and the negotiation of light offers continues to fall. At present, the trading atmosphere is generally fair. The holder is under pressure. The offering prices shake down. The terminal downstream enterprises procure exactly based on demand. The actual trading is insufficient with deserted transaction. It is expected that the domestic phenol market will fluctuate and fall and the East China phenol market will negotiate the price at 7200-7300 RMB/t.
Till now, the quotation of PA in national market is as follow (RMB/t):
|
Area |
Quotation |
Change % |
|
East China |
7300 |
-100 |
|
Shandong area |
7400 |
-50 |
|
Surroundings of Yanshan |
7300 |
-100 |
|
South China |
7700 |
-50 |
Product Name: Acetone
East China Market Price (5th November): 4,650 RMB/t
Market Analysis: The domestic acetone market price focuses on continually pushing up. At present, the trading atmosphere in the market is active. Holders tend to be more supportive with ever-increasing enthusiasm. The terminal factories and arbitrary traders are active in replenishment, which promote the price up and market to move up. It is expected that the price of the East China market will be settled down at around 4700 RMB/t; Yanshan surrounding market at around 4350-4400 RMB/t; South China market at around 4700-4800 RMB/t.
Till now, the quotation of Acetone in national market is as follow (RMB/t):
|
Area |
Quotation |
Change % |
|
East China |
4650 |
+100 |
|
Shandong area |
4500 |
0 |
|
Surroundings of Yanshan |
4350 |
0 |
|
South China |
4700 |
+100 |
- 2024-03-07 SunSirs: Affected by Demand, the Domestic PA Market Had Slightly Declined
- 2024-02-22 SunSirs: On February 21st, Prices of Dome Products in the Domestic PA Industry Chain Declined
- 2024-02-20 SunSirs: Morning Forecast for Domestic Acetone Market on February 20th
- 2024-01-26 SunSirs: On January 25th, Prices of Some Products in the Domestic PA Industry Chain Declined
- 2024-01-04 SunSirs: On January 3rd, the Domestic Acetone Market Continued to Rise
