This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of November 25th, the price of phthalic anhydride in neighboring countries was 6862.50 yuan/ton, which fluctuated and fell by 1.26% compared to the price of phthalic anhydride at 6950 yuan/ton on November 18th. The phthalic anhydride equipment is operating at a high level and stable, with sufficient supply of phthalic anhydride; The price of ortho benzene is stabilizing, the cost of ortho phthalic anhydride is stabilizing, the price of industrial naphthalene is fluctuating and falling, and the cost support of naphthalene phthalic anhydride is weakening. Due to oversupply and insufficient cost support, the overall price of phthalic anhydride has fluctuated and fallen.

Supply side: Adequate supply of goods

This week, the operating load of domestic phthalic anhydride plants has been stable, with about 70% of phthalic anhydride manufacturers starting production. The supply of phthalic anhydride from manufacturers is stable, and the supply of phthalic anhydride is sufficient.

The cost of raw material ortho benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of November 25th, the price of ortho benzene was 6900 yuan/ton, which is temporarily stable compared to the price of ortho benzene at 6900 yuan/ton on November 18th. This week, the price of ortho phthalic anhydride has stabilized, and the cost of ortho phthalic anhydride has temporarily stabilized, reducing the downward pressure on ortho phthalic anhydride.

Demand side: The DOP market has fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyi Society, as of November 25th, the DOP price was 9263.75 yuan/ton, a fluctuating decrease of 2.63% compared to the DOP price of 9513.75 yuan/ton on November 15th. In the off-season of the market, the demand for plasticizer DOP is weak, and the price of plasticizer DOP fluctuates and falls. The operating rate of downstream plasticizer enterprises has decreased, and plasticizer manufacturers have weak demand for phthalic anhydride. The support for phthalic anhydride demand has weakened, and the downward pressure on phthalic anhydride has increased.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the cost of phthalic anhydride is stabilizing; In terms of demand, the operating load of DOP manufacturers has decreased, and downstream support for phthalic anhydride has weakened. Overall, costs are temporarily stable, demand is cold, and it is expected that the market for phthalic anhydride will weaken and decline in the future.