The phthalic anhydride market fluctuated and rose in January
According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the price of phthalic anhydride in neighboring countries was 7312.50 yuan/ton, a fluctuating increase of 10.80% compared to the price of 6600 yuan/ton on January 1st at the beginning of the month. The production of phthalic anhydride equipment is stable at a low level, and the inventory of phthalic anhydride is low; Spring Festival stocking, downstream demand for phthalic anhydride increases. The price of ortho benzene has risen, the cost of raw materials has increased, and the driving force for the price increase of phthalic anhydride has increased.
Supply side: tight supply of goods
Domestic phthalic anhydride plants operate at low loads, with approximately 60% of phthalic anhydride manufacturers operating at capacity. Phthalic anhydride manufacturers have low inventory levels, resulting in tight supply of phthalic anhydride.
The cost of raw material ortho benzene increased in January
According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the price of ortho xylene was 7200 yuan/ton, an increase of 7.46% compared to the price of 6700 yuan/ton on January 1st at the beginning of the month. The price of ortho benzene has fluctuated and risen, and the cost of ortho phthalic anhydride has increased. The upward momentum of ortho phthalic anhydride has increased. The price of industrial naphthalene has risen, and the cost of naphthalene phthalic anhydride has increased. The overall cost support for phthalic anhydride raw materials has increased.
Demand side: The DOP market fluctuated and rose in January
According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the DOP price was 8576.25 yuan/ton, a fluctuating increase of 4.25% compared to the DOP price of 8226.25 yuan/ton on January 1st. Downstream production is at a high level, and the demand for raw material phthalic anhydride is in urgent need of procurement. Prior to the Spring Festival, the replenishment of plasticizer manufacturers has ended, and the demand for phthalic anhydride has increased.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has fluctuated and risen, the price of industrial naphthalene has risen, and the cost of phthalic anhydride has risen. There is a strong driving force for the increase in phthalic anhydride cost; In terms of demand, DOP manufacturers have high operating loads, coupled with Spring Festival stocking, which provides significant support for phthalic anhydride demand. Overall, with cost support and rising downstream demand, the phthalic anhydride market is on the rise. In the future, with the end of the Spring Festival inventory replenishment, demand has fallen, industrial naphthalene prices have risen, cost expectations have increased, and phthalic anhydride prices have slightly increased.
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