According to the Commodity Market Analysis System of the Business Society, the market price trend of ortho phthalic anhydride has slightly declined this week. As of the weekend, the quotation for ortho phthalic anhydride was 7637.5 yuan/ton, a decrease of 0.65% compared to the price of 7687.5 yuan/ton at the beginning of the week, and a year-on-year decrease of 11.96%.

Supply side: Stable operation of the device and sufficient supply of goods

Recently, the operation of domestic phthalic anhydride plants has been stable, and the operation of domestic phthalic anhydride plants has been stable. Currently, the operating rate of domestic phthalic anhydride is around 60%, and the supply of goods is normal. Recently, the demand for phthalic anhydride has been average, and manufacturers’ orders have been light, with bearish factors affecting a slight decline in the domestic phthalic anhydride market.

Cost side: The price trend of ortho benzene market is temporarily stable

This week, the price trend of domestic ortho benzene was temporarily stable. By the end of the week, the price of ortho benzene was 8100 yuan/ton, unchanged from the price of 8100 yuan/ton at the beginning of the week. The supply of ortho benzene was normal, and the operation of on-site devices was stable. This week, the price range of crude oil fluctuated, the pressure on O-Xylene increased, the demand for O-Xylene was weak, the price of ortho benzene in the external market changed little, the price trend of ortho benzene market was stable, and the decline of phthalic anhydride market was limited.

On the demand side: DOP market trend is rising, with on-demand procurement being the main focus

The downstream DOP market price trend has increased, with a 2.53% increase this week. Currently, the domestic DOP price is 9500 yuan/ton, and domestic DOP enterprises are operating steadily. Demand based procurement is the main demand for phthalic anhydride, with the mainstream DOP price ranging from 9500 to 9600 yuan/ton. The upward trend of DOP price is favorable for the phthalic anhydride market. Overall, the demand in the plasticizer industry is average, and the price decline in the phthalic anhydride market is limited due to this impact.

In the future, the price trend of O-Xylene remains weak in the short term. In addition, the demand of downstream plasticizer industry has not improved significantly, the plasticizer market has risen slightly, the supply of phthalic anhydride is normal, and the sales situation is general. It is expected that the market price of ortho phthalic anhydride will rise slightly in the later period.