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SunSirs: On July 19, the Price Trend of Domestic PA Market Declined

July 20 2022 14:45:42     SunSirs (John)

Price trend

According to the monitoring of SunSirs, the domestic market price of PA produced by OX method has declined. As of the 19th, the quotation of PA produced by OX method was 7n975 RMB/ton. 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. There was little change in downstream demand recently, the price trend of upstream OX fell sharply, and the market of plasticizer declined. 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, and the operating rate of PA in the field was less than 60%. The domestic spot supply of PA was normal, and the market price trend was mainly down. The market of the downstream plasticizer industry declined, 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. The mainstream negotiated price of PA produced by OX method in East China was 7,900-8,000 RMB/ton, and the mainstream price of PA by naphthalene method was 7,800-7,900 RMB/ton; the mainstream price of PA in North China was 8,100-8,200 RMB/ton.

Market outlook

The wait-and-see mentality in the PA market still exists, and downstream purchases are mainly on demand. Recently, the market for PA has declined. It is expected that the market price of PA will continue to decline in the later period.

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