This week, the phthalic anhydride market has stopped falling and rebounded
According to the Commodity Market Analysis System of Shengyi Society, as of August 22, the price of phthalic anhydride in neighboring countries was 6250 yuan/ton, a fluctuating decrease of 0.79% compared to the price of 6300 yuan/ton on August 15. This week, the price of phthalic anhydride fluctuated and fell, while the price of industrial naphthalene fluctuated and stabilized. The cost support of phthalic anhydride still exists. The equipment load of phthalic anhydride increased this week, and the operating rate of phthalic anhydride enterprises stabilized. The supply of phthalic anhydride is sufficient, and the downstream plasticizer market fluctuated and fell. The equipment operating load of plasticizer enterprises decreased, and the demand support for phthalic anhydride weakened. With an increase in supply and a decrease in demand, coupled with a decrease in costs, the price of phthalic anhydride fluctuated and fell this week.
The cost of phthalic anhydride has decreased, and the supply is sufficient
As of August 15th, Sinopec’s ortho benzene quotation was 6300 yuan/ton, a fluctuating decrease of 1.56% compared to last weekend’s ortho benzene quotation of 6400 yuan/ton. The price of industrial naphthalene is stabilizing, the price of ortho benzene is falling, and the cost of phthalic anhydride is decreasing. The pressure of phthalic anhydride decline still exists, and the price of phthalic anhydride is falling. The price of naphthalene phthalic anhydride is 5900-6100 yuan/ton, and the price of ortho phthalic anhydride is 6100-6300 yuan/ton. This week, the operating load of phthalic anhydride equipment has resumed, the operating rate of phthalic anhydride enterprises has increased, and the supply of phthalic anhydride is sufficient.
Demand side: Downstream production decreases, DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of August 22, the DOP price was 7734.16 yuan/ton, a fluctuating decrease of 0.32% compared to the DOP price of 7759.16 yuan/ton on August 15. This week, the operating load of DOP enterprises has decreased, the production of DOP has decreased, the demand for phthalic anhydride has decreased, and the support for the rise in phthalic anhydride prices has weakened.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies have seen a decrease in production, a reduction in plasticizer output, and a decrease in demand for phthalic anhydride; On the supply side, the equipment operating load of phthalic anhydride enterprises has increased, leading to an increase in phthalic anhydride supply. In terms of cost, the price of ortho benzene has decreased, and the cost of phthalic anhydride has decreased. In the future, with an increase in supply and a decrease in demand for phthalic anhydride, coupled with a decrease in costs, it is expected that the price of phthalic anhydride will remain low and consolidate.