According to the Commodity Market Analysis System of the Business Society, the domestic market price of ortho phthalic anhydride continued to decline this week. As of the weekend, the quotation for ortho phthalic anhydride was 7525 yuan/ton, a decrease of 2.43% compared to the price of 7712.5 yuan/ton at the beginning of the week, and a year-on-year decrease of 18.21%.
Supply side: Stable operation of the device and sufficient supply of goods
The operation of domestic phthalic anhydride plants is stable. Currently, the operating rate of phthalic anhydride in China is maintained at over 60%, and the supply of phthalic anhydride goods is relatively sufficient. In addition, the production of naphthalene phthalic anhydride goods is normal, and the price of naphthalene phthalic anhydride has dropped, which has correspondingly impacted the neighboring phthalic anhydride market. Recently, downstream procurement has not been active, and some phthalic anhydride factories have lowered their factory prices, resulting in a sluggish market situation for phthalic anhydride.
Cost side: Insufficient cost support for low prices of ortho benzene
This week, the domestic price trend of ortho benzene remained low. As of the end of the month, the ortho benzene price was 8000 yuan/ton, which was unchanged from the beginning of the week. The ortho benzene supply was normal, and the operation of on-site devices was stable. This week, the crude oil price trend significantly decreased, and the mixed xylene price correspondingly decreased, leading to a decrease in raw material prices. As a result, the domestic ortho benzene price trend remained low, and the low ortho benzene market brought a negative impact on the phthalic anhydride market, The market price trend of phthalic anhydride has declined.
Demand side: DOP market mainly focuses on on-demand procurement
The downstream DOP market price has slightly increased, with a price of 11358.33 yuan/ton as of the weekend, an increase of 1.49% compared to the price of 11191.67 yuan/ton at the beginning of the week. Domestic DOP enterprises have maintained their operations, and domestic DOP supply is normal. However, plasticizer enterprises have poor profits, plasticizer manufacturers are operating at low loads, and plasticizer supply is still tight. Downstream demand is weak, with mainstream DOP prices ranging from 11300 to 11400 yuan/ton, and plasticizer manufacturers are not actively purchasing, Affected by this, the market price of phthalic anhydride slightly declined.
Looking at the future market, the recent trend of crude oil prices has declined, and the price of ortho xylene is weak. In addition, the downstream plasticizer market is not good, and the purchasing enthusiasm of the plasticizer industry is not high. It is expected that the ortho phthalic anhydride market price will mainly fluctuate due to this impact.
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