After the holiday, the phthalic anhydride market fluctuated and rose

According to the Commodity Market Analysis System of Shengyi Society, as of February 10th, the price of phthalic anhydride in neighboring countries was 7312.50 yuan/ton, which fluctuated and increased by 0.17% compared to the price of 7300 yuan/ton on February 6th. The production of phthalic anhydride equipment is stable at a low level, and the inventory of phthalic anhydride is low; The downstream demand for phthalic anhydride remains stable. 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 materials such as benzene has increased after the holiday

According to the Commodity Market Analysis System of Shengyi Society, as of February 10th, the price of ortho xylene was 7300 yuan/ton, an increase of 1.39% from the price of ortho xylene on February 6th, which was 7200 yuan/ton. 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 is consolidating strongly, and the cost of naphthalene phthalic anhydride is stabilizing strongly. The overall cost support for phthalic anhydride raw materials is increasing.

Demand side: DOP market fluctuates and rises after the holiday

According to the Commodity Market Analysis System of Shengyi Society, as of February 10th, the DOP price was 8601.25 yuan/ton, a fluctuating increase of 0.44% compared to the DOP price of 8563.75 yuan/ton on February 6th. After the Spring Festival, downstream customers replenished their inventory, and downstream production was at a high level. The demand for raw material phthalic anhydride urgently needed to be purchased, and the demand for phthalic anhydride briefly rebounded. With the end of the replenishment of plasticizer manufacturers after the holiday, the support for phthalic anhydride demand weakened.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has increased, the price of industrial naphthalene has increased, and the cost of phthalic anhydride has increased. There is a strong driving force for the cost increase of phthalic anhydride; In terms of demand, DOP manufacturers have high operating loads, coupled with post holiday inventory replenishment, which provides significant support for phthalic anhydride demand. In the future, with the end of inventory replenishment, demand will fall, industrial naphthalene prices will rise, cost expectations will increase, neighboring benzene prices will rise, phthalic anhydride costs will rise, and phthalic anhydride prices will slightly increase in the future.