What's hot and trending this month
This month's market summary
In December, the domestic MA market stabilized first and then declined slightly. Since the end of November, MA prices rose to a high, middle and lower reaches of the market enthusiasm is reduced, the main factory remaining foreign trade orders, inventory is low, at the same time, some manufacturers plan to overhaul the supply tightening expectations, the grocers are pretty price, but did not keep and MA manufacturer maintenance, at the same time the main downstream unsaturated resin prices continue to weak, poor demand for raw materials procurement, market support is insufficient, weak downward, near the end of east China main factory maintenance booster was selling prices pushed up meaning may gradually.
Next month market forecast
In January 2021, still need to focus on the supply and demand side, supply side, the east parking device maintenance, temporarily not clear remaining enterprises overhaul plan, demand side, the environmental protection efforts to relax the current north, resin starts or have room to improve, but weaker in terminal market, unsaturated resin later on in the market more difficult has obvious improvement, for the raw material procurement is still mainly just need to follow up. On the whole, the pressure of supply and demand in the market is still large, and the price of MA is difficult to perform well. At the beginning of the month, the market may continue to the end of December. With the approaching of the Spring Festival, the middle and downstream markets will be closed gradually, and the market will tend to sort out.
Factory stoppages in China
In December, some domestic benzene method enterprises have a short - time shutdown, operating rate of about 90%.
China's MA export trend in 2019-2020
According to the customs statistics, the monthly import volume of MA in November 2020 is 312.341 tons, and the total import amount is US $376,325. The monthly export volume of domestic MA in November 2020 is 4680.5 tons, and the total export value is USD 444,150.
Note: The General Administration of Customs will no longer release the import and export data of January and February separately in 2020. Instead, they will be released to the public in March. January and February will be equally divided.
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