需求低迷 亚洲PA价格跌至2019年低点

据ICIS网站12月2日新加坡报道 亚洲邻苯二甲酸酐（PA）进口价格仍处于低迷状态，更大的折扣未能提振购买需求。

市场人士表示，由于贸易局势持续紧张，消费者信心仍受到较大影响，近期PA需求复苏的前景似乎黯淡。

在东南亚，进口PA价格在9月份开始下降，到11月底，平均价格已经下降了10%以上，至805美元/吨（成本加运费）。

ICIS数据显示，上一次东南亚价格徘徊在800美元/吨关口是在2016年9月。

进入中国和印度的贸易市场也受到了同样的影响，在同一窗口下，中国主要港口的成本加运费价格和印度到岸价格分别下降了12%和10%。

一位卖家哀叹道：“基本上需求是混乱的，无论我让步多少折扣，买家都没有被影响。”

在今年的大部分时间里，下游工厂不仅保持低运营，而且还避免购买像PA这样的原材料来库存。

一位最终用户表示：“只要贸易等宏观问题得不到解决，就存在较多的不确定性。”

他补充说：“事情可能会在一夜之间发生变化，我不想被高库存套牢。”

为了追逐交易，在一定程度上保持一定的成交量，卖家不断调整销售目标。

一位地区生产商援引11月期间原料邻二甲苯（OX）的价格表示：“我已经触底了，真的不能降价了。当我推出新的折扣时，我的损失更大。”

市场人士表示，如果需求得不到改善，上游成本压力依然不减，那么PA生产商可能就别无选择，只能进一步削减产量，以控制盈余和亏损。

王磊 摘译自 ICIS

原文如下：

Asia PA sinks to 2019-low align="justify">Asia’s phthalic anhydride (PA) import prices remain in the doldrums as wider discounts failed to uplift buying.

With consumer confidence still undermined by the incessant trade tensions, prospects of any near-term recovery for PA demand seem dim, market participants said.

In southeast Asia, import PA prices started declining in September, and by end-November, average prices have lost more than 10% to hit $805/tonne CFR (cost and freight) SE (southeast) Asia.

The last time CFR SE Asia prices hovered at the $800/tonne mark was in September 2016, ICIS data shows.

Trades into China and India have suffered similarly, with CFR China Main Port and cost-insurance-freight (CIF) India prices down by 12% and 10% respectively in the same window.

“Basically, demand was in shambles,” a seller lamented, adding that “no matter how much discounts I conceded, buyers just were not enticed”.

For much of the year, downstream factories not align="justify">“There is just so much uncertainties, as long as macro issues like the trade conflicts are not resolved,” an end-user said.

“Things could turn overnight, and I do not want to be caught with high stocks,” he added.

Sellers have continually moderated their sales targets, in a bid to chase deals and keep some volumes moving to some extent.

“I have hit bottom, and really cannot price lower. I bleed more as I dish out fresh discounts,” a regional producer said citing firm feedstock orthoxylene (OX) prices during November.

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.