After the holiday, the phthalic anhydride market stopped falling and stabilized
According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the price of phthalic anhydride produced by phthalic anhydride was 7337.50 yuan/ton, which was temporarily stable compared to the price of phthalic anhydride on September 18th at 7337.50 yuan/ton, but decreased by 0.34% compared to the price of phthalic anhydride on September 14th before the holiday at 7362.50 yuan/ton. This week, the price of ortho xylene is 7400 yuan/ton, which is temporarily stable compared to before the holiday. The cost of neighboring phthalic anhydride is temporarily stable, and the phthalic anhydride market is stabilizing. This week, the domestic price for ortho phthalic anhydride is 7200-7400 yuan/ton, while the domestic price for nano phthalic anhydride is 7100-7200 yuan/ton.
Supply side: tight supply of goods
Domestic phthalic anhydride plants operate at low loads, with frequent shutdowns of naphthalene phthalic anhydride equipment and low load operation of neighboring phthalic anhydride equipment. Phthalic anhydride manufacturers are experiencing tight supply and queuing for shipments, resulting in a tight supply of phthalic anhydride and significant upward pressure.
The cost of raw material ortho benzene is temporarily stable
According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the price of ortho benzene was 7400 yuan/ton, which was temporarily stable compared to the pre holiday ortho benzene price. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stabilizing, and the downward pressure on ortho phthalic anhydride is weakening.
Demand side: DOP market trend rising
According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the price of plasticizer DOP was 8963.75 yuan/ton, a significant increase of 5.44% compared to the DOP price of 8501.25 yuan/ton on September 14th. The price of DOP has significantly increased after the holiday. The operating rate of plasticizer enterprises has increased, coupled with stocking up before the National Day holiday, resulting in an increase in downstream demand for plasticizer DOP.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the cost of phthalic anhydride is stabilizing; In terms of supply, phthalic anhydride manufacturers are operating at low loads, resulting in a tight supply of phthalic anhydride; In terms of demand, DOP manufacturers have increased production, downstream DOP market has risen, and demand for phthalic anhydride has rebounded. It is expected that the market for phthalic anhydride will stabilize in the future.
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