The price of phthalic anhydride fluctuated and fell this week

According to the Commodity Market Analysis System of Business Society, the domestic market price trend of ortho phthalic anhydride has declined this week. As of June 18th, the quoted price of ortho phthalic anhydride was 8062.50 yuan/ton, a decrease of 0.15% compared to the price of 8075 yuan/ton on June 17th; The price of phthalic anhydride decreased by 0.92% compared to 8137.5 yuan/ton on June 11th; Compared to the beginning of the month, the price of 8187.5 yuan/ton has decreased by 1.53%. The domestic quotation for ortho phthalic anhydride is 7800-8100 yuan/ton for factory delivery, while the domestic quotation for ortho phthalic anhydride is 7300-7600 yuan/ton for factory delivery.

Supply side: Tight supply of goods

The operation of domestic phthalic anhydride plants is temporarily stable, with a domestic phthalic anhydride operating rate of around 60%. The spot supply of phthalic anhydride is normal, and the sales situation of phthalic anhydride manufacturers is average. This week, the price of industrial naphthalene has dropped, the market for naphthalene based phthalic anhydride has declined, and the price of ortho phthalic anhydride has dropped.

On the demand side, the trend of on-demand procurement in the DOP market is declining

According to the Commodity Market Analysis System of Shengyishe, as of June 18th, the price of plasticizer DOP was 10150 yuan/ton, a fluctuating decrease of 2.05% compared to the DOP price of 10362.50 yuan/ton on June 11th. The market for plasticizer raw material phthalic anhydride has declined, the price of isooctanol has fluctuated and fallen, the cost of plasticizers has decreased, plasticizer DOP enterprises have started production steadily, and the supply of plasticizer DOP is sufficient. Downstream construction is expected to rise, while demand is expected to rebound. The support for the rise of plasticizers still exists.

Future Market Forecast

According to the data analyst of Shengyishe’s phthalic anhydride products, in the future, in terms of cost, the recent trend of crude oil prices has fluctuated and risen, while the high price of ortho xylene has temporarily stabilized, and the cost support for phthalic anhydride still exists; The downstream DOP market is fluctuating and falling, with a decrease in demand for plasticizers. Downstream procurement enthusiasm is average, and it is expected that the market price of ortho phthalic anhydride will mainly fluctuate and consolidate in the later stage.