SunSirs: The Market Trend of PA in North China Was Stabilizing on February 8th
Price trend
On February 8th, the price trend of PA in the North China market stabilized, with the mainstream price of OX method PA in the market ranging from 7,000 to 7,400 RMB/ton, and the market price of naphthalene based PA ranging from 7,000 to 7,100 RMB/ton.
Analysis review
The price of industrial naphthalene fluctuated and stabilized, while the price of naphthalene based PA fluctuated and stabilized. The downstream plasticizer market was fluctuating and stabilizing, while the price of OX was temporarily stable. Plasticizer manufacturers were operating at a high level, and downstream purchasing enthusiasm for PA was average. Downstream purchases were mainly based on demand, and after the Spring Festival holiday, inventory replenishment was needed. Demand for PA was recovering, and the operating load of equipment from some manufacturers of PA was temporarily stable. The supply of PA was tight, and the inventory of PA manufacturer was low, mainly to complete previous orders.
Market outlook
The price trend of PA tends to stabilize in the later stage..
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