According to the commodity market analysis system of Shengyishe, the domestic market price trend of ortho phthalic anhydride remained stable this week. As of the weekend, the quoted price of ortho phthalic anhydride was 7625 yuan/ton, an increase of 0.66% from the beginning of the week price of 7575 yuan/ton, and a year-on-year decrease of 7.29%.

Supply side: The device operates stably and the supply of goods is normal

The operation of domestic phthalic anhydride units is stable, but some units are still in a shutdown state. Currently, the operating rate of phthalic anhydride in China is around 60%. Recently, the price of industrial naphthalene has remained stable, and the supply of naphthalene based phthalic anhydride has remained stable. This has mainly affected the stability of ortho phthalic anhydride prices.

Cost side: The price of ortho benzene is temporarily stable, and cost support still exists

This week, the domestic price trend of ortho benzene has remained stable. As of the weekend, the price of ortho benzene was 8000 yuan/ton, which is unchanged from the initial price of 8000 yuan/ton. The supply of ortho benzene is normal, and the operation of on-site equipment is stable. The crude oil price range fluctuated this week, and the price of mixed xylene is stable. As a result, the domestic price trend of ortho benzene is temporarily stable. The high price of ortho benzene provides certain cost support to the phthalic anhydride market, and the price trend of phthalic anhydride market is stable.

Demand side: DOP market focuses on on-demand procurement

The downstream DOP market price has slightly increased, with a price of 11780 yuan/ton as of the weekend, an increase of 0.77% compared to the beginning of the week price of 11690 yuan/ton. Domestic DOP enterprises are operating steadily, and domestic DOP supply is normal. However, plasticizer enterprises are still operating at a loss, plasticizer manufacturers are gradually taking a break, and downstream demand is not improving. The mainstream DOP price is 11700-11800 yuan/ton, and downstream demand for plasticizers is weak. For general purchases of phthalic anhydride, the market price of phthalic anhydride is stable this week.

Looking at the future market, the recent trend of crude oil prices has been volatile, while the price of ortho xylene has remained stable. The demand for downstream plasticizers is not good, and coupled with the impact of holiday manufacturers, the market for naphthalene phthalic anhydride has not changed much. It is expected that the market price of ortho phthalic anhydride will remain stable in the future.