There has been decline in prices for PA in Asian market since last few weeks. There has been decline in demand despite of discounts in the offerings. The continued US-China trade tensions have been affecting the demand for PA. The last time CFR SE Asia prices hovered at the $800/tonne mark was in September 2016. With lot of uncertainties in the international market the demand has not been lifting as long as macro issues like the US-China trade conflicts are not resolved. If demand does not improve, and upstream cost pressures still unyielding, PA producers may be left with few alternatives but to cut output further, so as to contain surplus and also losses, market players said.
