After a long schedule of slowdown in prices there has been positive turn in the prices for PA imports this week. Experts this new position will continue to longer as prices for downstream industry has witnessed a positive. The material has been sold out for September/October deleviery futures.
At present CFR China prices are hovering in the range of USD 560-570/MT. Earlier in the month of January prices were offloaded to USD 840-850/MT. PA is used as a chemical intermediate in the production of UPR, as well as phthalate plasticisers, both of which have heavy applications in the construction sector.
