This week, the phthalic anhydride market is weak and temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, the price trend of phthalic anhydride in the domestic phthalic anhydride market is weak and temporarily stable this week. As of August 12th, the price of phthalic anhydride in the phthalic anhydride market was 7875 yuan/ton, a slight decrease of 0.16% from the price of 7887.50 yuan/ton on August 1st. Domestic neighboring phthalic anhydride is priced at 7700-7900 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7300-7400 yuan/ton before leaving the factory.

Supply side: tight supply of goods

The operation of domestic phthalic anhydride plants is temporarily stable, with a production rate of about 60%. The spot supply of phthalic anhydride is stable, and the sales situation of phthalic anhydride manufacturers is average. This week, the price of industrial naphthalene fluctuated and stabilized, and the naphthalene phthalic anhydride market stabilized. The ortho benzene market fell, and cost support decreased. The ortho benzene phthalic anhydride market fell.

The cost of phthalic anhydride raw material ortho benzene decreased in August

According to the Commodity Market Analysis System of Shengyi Society, the price of phthalic anhydride raw material ortho benzene fell in August, and the price of phthalic anhydride slightly decreased in August. As of August 12th, the price of ortho benzene was 8100 yuan/ton, a decrease of 4.71% from the initial price of 8500 yuan/ton at the beginning of the month. The price of ortho benzene has dropped significantly, the cost of phthalic anhydride raw materials has decreased, and the downward pressure on phthalic anhydride has increased.

Demand side: DOP market trend declines

According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the price of plasticizer DOP was 9111 yuan/ton, a fluctuating decrease of 4.09% compared to the DOP price of 9500 yuan/ton on August 1st at the beginning of the month. The price of plasticizer DOP fluctuated and fell. With the arrival of the hot and rainy season, PVC has entered a seasonal off-season in the industry, and the demand for plasticizers in China is off-season, coupled with a reduction in exports. Downstream manufacturers are in the off-season, with low production levels and weak follow-up on actual transactions. The demand for plasticizers is poor, and there is significant downward pressure on plasticizers.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the continuous decline in o-xylene prices in August has led to a decrease in phthalic anhydride costs; In terms of demand, the downstream DOP market has fluctuated and fallen, resulting in poor demand for plasticizers. In the future, with the decrease in costs and weak demand, the downward pressure on phthalic anhydride will increase; It is expected that the market for phthalic anhydride will decline in the future.