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SunSirs: On July 6, the Price Trend of Domestic PA Market Declined

July 07 2022 13:51:59     SunSirs (John)

Price trend

According to the monitoring of SunSirs, the domestic market price of PA produced by OX method declined. As of the 6th, the quotation of PA produced by OX method was 8,550 RMB/ton, and the spot supply in the market was sufficient, and the sales situation was general.

Analysis review

The domestic market price of PA declined slightly, and the market of PA was in general. The downstream demand had not changed much recently, the price trend of upstream OX dropped sharply, and the market of plasticizer dropped sharply. The spot supply of PA in the market was normal, and the market price of PA declined due to downstream influence.

The operating rate of domestic PA manufacturers had not changed much, the operating rate of PA in the market was less than 60%, the domestic PA spot supply was normal, the market price trend was mainly down, the downstream plasticizer industry was down, and the actual transaction was normal.

The market price of PA in East China declined, and the high-end transactions on the market were limited. In East China, the mainstream price of OX method supply negotiation was 8,300-8,500 RMB/ton, and the mainstream price of naphthalene method supply negotiation was 8,200-8,300 RMB/ton; the mainstream quotation in the PA market in North China was 8,400-8,600 RMB/ton. The wait-and-see mentality in the PA market still existed, and the downstream purchases were mainly on demand.

Market outlook

Recently, the OX market has declined, and it is expected that the market price of PA will continue to decline in the later period.

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