The phthalic anhydride market has remained sluggish this week
According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of phthalic anhydride produced by phthalic anhydride was 7712.50 yuan/ton, a decrease of 1.75% from the price of 7850 yuan/ton on August 16; The price of phthalic anhydride has continuously decreased by 2.22% from 7887.50 yuan/ton on August 1st. In August, the price of phthalic anhydride declined slightly several times, and this week, the price of phthalic anhydride continued its downward trend and fell several times, resulting in a sustained downturn in the phthalic anhydride market. Domestic neighboring phthalic anhydride is priced at 7500-7700 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7100-7300 yuan/ton before leaving the factory.
Supply side: Stable 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 is strong and stable, and the market for naphthalene based phthalic anhydride is stabilizing. The market for ortho phthalic anhydride is weak and stable, and cost support is decreasing. The market for ortho phthalic anhydride is declining.
The cost of phthalic anhydride raw material ortho benzene is weak and stabilizing
According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of ortho benzene was 8100 yuan/ton, a decrease of 4.71% from the price of 8500 yuan/ton at the beginning of the month, and temporarily stable compared to last weekend. The price of ortho benzene has fallen, and the cost of raw materials for phthalic anhydride has decreased, resulting in significant downward pressure on phthalic anhydride. Industrial naphthalene manufacturers have reduced their burden and pressure, resulting in a tight supply and a narrow rise in industrial naphthalene prices. The price of naphthalene phthalic anhydride has fallen to the bottom line of manufacturers, and manufacturers have a strong willingness to raise prices. The raw material support for ortho phthalic anhydride is weak, and the price of ortho phthalic anhydride is weakly consolidating.
Demand side: DOP market trend declines
According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of plasticizer DOP was 8791 yuan/ton, a decrease of 2.87% from the DOP price of 9051 yuan/ton on August 16 last weekend. The recovery of terminal demand is slow, the price of raw material octanol has fallen, costs have decreased, downstream customers’ enthusiasm for placing orders has decreased, wait-and-see sentiment has increased, plasticizer transactions have declined, and plasticizer DOP prices have fallen.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has fallen, and the cost support for phthalic anhydride has weakened; On the demand side, the downstream DOP market fluctuated and fell, and the demand for plasticizers did not recover as expected. In the future, as costs weaken and demand weakens, it is expected that the neighboring phthalic anhydride market will fluctuate and decline.
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