According to the commodity market analysis system of Shengyishe, the domestic market price of ortho phthalic anhydride slightly decreased this week. As of the 6th, the quoted price of ortho phthalic anhydride was 7587.5 yuan/ton, a decrease of 1.30% from the price of 7687.5 yuan/ton on February 28th, and a year-on-year decrease of 10.47%.

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

The operation of domestic phthalic anhydride plants is stable, with a recent operating rate of around 60%. The spot supply of phthalic anhydride is very abundant, and the sales situation of phthalic anhydride manufacturers is poor. In addition, the supply of naphthalene phthalic anhydride has slightly declined, which has affected the price trend of ortho phthalic anhydride.

Cost side: Stable price of ortho benzene with acceptable cost support

Recently, the domestic price trend of ortho benzene has remained stable. As of the 6th, the price of ortho benzene was 8100 yuan/ton, which is consistent with the price of 8100 yuan/ton on the 28th. The supply of ortho benzene is normal, and the operation of on-site facilities is stable. In the short term, the trend of crude oil prices is declining, and the price of mixed xylene is stable. The temporary stability of ortho benzene prices provides certain cost support to the phthalic anhydride market, and the price decline of the phthalic anhydride market is limited.

Demand side: DOP market’s on-demand procurement market is declining

This week, the downstream DOP market price trend has declined, with a price of 11630 yuan/ton as of the 6th, a 1.18% decrease from the price of 11800 yuan/ton on the 28th. Domestic DOP enterprises are operating normally, and domestic DOP supply is normal. However, plasticizer enterprises are still operating at a loss, and downstream demand is average. The mainstream DOP price is 11600-11700 yuan/ton. The downstream DOP price trend has declined, and the purchase of phthalic anhydride is not good. The domestic phthalic anhydride market price trend has declined.

Looking at the future market, the recent trend of crude oil prices has slightly declined, while the price of ortho xylene has remained stable. The downstream DOP market has declined, and phthalic anhydride manufacturers have reported serious losses. It is expected that the market price of ortho xylene will mainly fluctuate at a low level in the future.