The phthalic anhydride market fluctuated and fell in September

According to the Commodity Market Analysis System of Shengyi Society, as of September 29th, the price of phthalic anhydride produced by the ortho phthalic method was 7225 yuan/ton, a fluctuating decrease of 4.78% compared to the price of 7587.50 yuan/ton on September 1st. The price of ortho benzene has dropped significantly, the cost of ortho phthalic anhydride has decreased, and the phthalic anhydride market has declined. At the end of September, the domestic price for ortho phthalic anhydride was 7000-7200 yuan/ton, and the domestic price for nano phthalic anhydride was 6900-7100 yuan/ton.

Supply side: tight supply of goods

In the first and middle of September, domestic phthalic anhydride plants were operating at low load, with many shutdowns of the naphthalene phthalic anhydride equipment and low load operation of the neighboring phthalic anhydride equipment. Phthalic anhydride manufacturers are experiencing tight supply and queuing for shipments, resulting in a tight supply of phthalic anhydride. The slow recovery of phthalic anhydride production in the latter half of the year has led to significant downward pressure and weakened upward pressure.

The cost of raw material ortho benzene has decreased

According to the Commodity Market Analysis System of Shengyi Society, as of September 29th, the price of ortho benzene was 7100 yuan/ton, a decrease of 10.13% from the price of ortho benzene on September 1st, which was 7900 yuan/ton. The price of ortho benzene has fallen, the cost of ortho phthalic anhydride has decreased, and there is significant downward pressure on ortho phthalic anhydride.

Demand side: DOP market trend “W” – shaped rise

According to the Commodity Market Analysis System of Shengyi Society, as of September 29th, the price of plasticizer DOP was 8851.25 yuan/ton, which fluctuated and fell by 1.26% compared to the DOP price of 8963.75 yuan/ton on September 23rd; Compared to the DOP price of 8463.75 yuan/ton on September 9th, it has increased by 4.58%; Compared to September 1st, the DOP price of 8726.25 yuan/ton fluctuated and rose by 1.43%. In September, the DOP price first rose and then fell, with a “W” – shaped oscillating rise in DOP prices. The expected increase in operating rate of plasticizer enterprises leads to an increase in demand for plasticizers; In addition, due to stocking up before the National Day holiday, the price of plasticizer DOP fluctuated and rose, but the gold nine color was insufficient, and the demand for plasticizers did not recover enough. The price of isooctanol first rose and then fell, and the price of plasticizers rose in a “W” shape.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has fallen, and the cost of phthalic anhydride has decreased; 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 been slow to increase production, while downstream DOP prices have fluctuated and risen. Demand for phthalic anhydride has rebounded, and it is expected that the neighboring phthalic anhydride market will experience a slight fluctuation and decline in the future.