Price trend
On March 13th, the PA market in Shandong Province showed a strong consolidation trend, with negotiations for OX method PA sources at a mainstream price of 7,000-7,200 RMB/ton and naphthalene based PA sources at a mainstream price of 6,800-7,000 RMB/ton.
Analysis review
The price of raw materials such as OX was stabilizing, the price of industrial naphthalene was rising, the cost of PA was increasing, and the downstream plasticizer market was fluctuating and stabilizing. Some manufacturers of naphthalene based PA have temporarily stabilized their equipment load, and plasticizer enterprises were experiencing an increase in load. The enthusiasm for purchasing PA still existed.
Market outlook
The PA market is expected to be strongly stable in the future.
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