This week, the price of phthalic anhydride has been strong and stabilizing
According to the Commodity Market Analysis System of Shengyi Society, the price trend of phthalic anhydride in the domestic phthalic anhydride market has stabilized this week. As of July 12th, the price of phthalic anhydride in the phthalic anhydride process was 8087.50 yuan/ton, which is temporarily stable compared to the price of 8087.50 yuan/ton on July 5th; Compared to July 1st, the price of phthalic anhydride fluctuated and rose by 0.47% to 8050 yuan/ton. Domestic neighboring phthalic anhydride is priced at 7800-8100 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7450-7600 yuan/ton before leaving the factory.
Supply side: tight supply of goods
The operation of domestic phthalic anhydride plants is temporarily stable, with a production rate of about 60%. The spot supply of phthalic anhydride is stable, and the sales situation of phthalic anhydride manufacturers is average. This week, the price of industrial naphthalene fluctuated and fell, and the market for naphthalene based phthalic anhydride fluctuated and stabilized. The market for ortho phthalic anhydride also stabilized. This week, the phthalic anhydride market fluctuated and stabilized.
Demand side: The trend of on-demand procurement in the DOP market is fluctuating and declining
According to the Commodity Market Analysis System of Shengyi Society, as of July 12th, the price of plasticizer DOP was 9912.50 yuan/ton, which fluctuated and fell by 0.75% compared to the DOP price of 9987.50 yuan/ton on July 5th last weekend; Compared to Monday, July 8th, the price of 10000 yuan/ton fluctuated and fell by 0.88%; Compared to the DOP price of 9862.50 yuan/ton on July 1st, it first rose and then fell, with an increase of 0.51%. The market for phthalic anhydride, a raw material for plasticizers, has fluctuated and stabilized, while the price of isooctanol has fluctuated and fallen. The cost of plasticizers has also decreased, and the price of plasticizers has fluctuated and fallen this week. In the off-season downstream, manufacturers’ production has decreased, and the demand for plasticizers is poor, which has led to a decrease in support for phthalic anhydride demand and increased downward pressure on phthalic anhydride.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the recent trend of crude oil prices has been strong and consolidated, the price of ortho xylene has stabilized strongly, and the cost support of phthalic anhydride still exists; In terms of demand, the downstream DOP market has fluctuated and fallen, and the demand for plasticizers is poor. It is expected that the market for phthalic anhydride will stabilize in the future.
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