This week, the phthalic anhydride market fluctuated and fell

This week, the phthalic anhydride market fluctuated and fell

 

According to the Commodity Market Analysis System of Shengyi Society, as of October 21, the price of phthalic anhydride produced by phthalic anhydride was 7287.5 yuan/ton, a decrease of 1.35% from the price of 7387.50 yuan/ton on October 14; Compared to October 1st, the price of phthalic anhydride at 7200 yuan/ton first increased and then decreased, with a rise of 1.22%. After the holiday, the price of ortho phthalic anhydride remained stable, and the cost of ortho phthalic anhydride remained stable. This week, the domestic price of ortho phthalic anhydride was quoted at 7100-7300 yuan/ton before leaving the factory, while the price of industrial naphthalene stabilized. The cost of naphthalene phthalic anhydride decreased, and the domestic price of naphthalene phthalic anhydride was quoted at 6900-7100 yuan/ton before leaving the factory.

 

Supply side: tight supply of goods

 

This week, the operating load of domestic phthalic anhydride plants has increased. The supply of phthalic anhydride from manufacturers has increased, and the supply of phthalic anhydride is sufficient, increasing the downward pressure on phthalic anhydride.

 

The cost of raw material ortho benzene is temporarily stable

 

According to the Commodity Market Analysis System of Shengyi Society, as of October 21st, the price of ortho benzene was 7100 yuan/ton, which is temporarily stable compared to the price of ortho benzene of 7100 yuan/ton on October 1st. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stable, and the downward pressure on ortho phthalic anhydride is weak.

 

Demand side: The DOP market has fluctuated and fallen this week

 

According to the Commodity Market Analysis System of Shengyi Society, as of October 21st, the price of plasticizer DOP was 9188.75 yuan/ton, a fluctuating decrease of 0.41% compared to the daily price of plasticizer DOP of 9226.25 yuan/ton on October 14th; Compared to October 1st, the DOP price of 8988.75 yuan/ton fluctuated and rose by 2.23%. The replenishment of plasticizer DOP has ended, and the demand for DOP has fallen. This week, DOP prices have fluctuated and fallen. The operating rate of plasticizer enterprises has increased, and the supply of plasticizers has increased; In addition, with the expectation of economic recovery and increased demand, both supply and demand have increased, and the price of plasticizer DOP has fallen from a high level.

 

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 high loads, and the supply of phthalic anhydride is sufficient; In terms of demand, DOP manufacturers have increased their production and demand for phthalic anhydride has risen. Both supply and demand have increased, but the increase in supply is expected to be greater than the increase in demand, and it is expected that the market for phthalic anhydride will be weakly consolidated in the future.

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