The domestic market price of OX method PA rose. As of the 13th, the quotation of OX method PA was 8,637.5 RMB/ton, up 1.92% from theprice of 8,475 RMB/ton on 6th, and down 5.6% year on year.
Analysis review
Supply side: the device operated stably and the supply was normal
Recently, the domestic PA unit had been running smoothly, and the domestic PA unit had been running stably. The OX PA unit in Tongling, Anhui Province, had started to ship normally. The 100,000 ton PA unit in Xinyang Group had been running stably, and the Shandong Hongxin’s PA unit had been operating normally. As of the 13th, the operating rate of domestic PA was about 60%, the supply of goods was normal, the delivery of PA improved, and the market price of PA rose.
Cost side: OX market price rose
The domestic OX price had risen. As of the 13th, the OX price was 8,500 RMB/ton, and this week's price trend increased by 2.41%. The supply of OX was normal, and the operation of on-site devices was stable, but the port inventory had declined. The rise of OX price had brought some cost support to the PA market, and the price trend of PA market had risen.
On the demand side: the trend of DOP market was volatile, and procurement was based on demand
The price trend of downstream DOP market fluctuated, with a slight decline of 0.6% this week. As of the 13th, the domestic DOP price was 9,960 RMB/ton, and the domestic DOP enterprises' operating rate was stable. The demand for PA was mainly based on demand, and the mainstream price of DOP was 9,900-10,000 RMB/ton. The demand of plasticizer industry was weak, and the price of PA was low due to the impact of DOP price shocks, but the overall price rose slightly under the support of raw materials.
Market outlook
In the short term, the price trend of OX is mainly rising, but the market of downstream plasticizer industry is fluctuating, the supply of PA is normal, and the demand is general. It is expected that the market price trend of OX method PA will rise slightly in the later period.
