The price of phthalic anhydride fluctuated and fell in June
According to the Commodity Market Analysis System of Business Society, the domestic market price trend of ortho phthalic anhydride in June fluctuated and fell. As of June 28th, the quoted price of ortho phthalic anhydride was 8050 yuan/ton, a decrease of 1.68% from the price of 8187.50 yuan/ton on June 1st. At the end of June, the domestic price for ortho phthalic anhydride was 7800-8000 yuan/ton before leaving the factory, while the domestic price for ortho phthalic anhydride was 7300-7600 yuan/ton before leaving the factory.
Supply side: Tight supply of goods
The operation of domestic phthalic anhydride plants is temporarily stable, with a domestic phthalic anhydride operating rate of around 60%. The spot supply of phthalic anhydride is stable, and the sales situation of phthalic anhydride manufacturers is average. At the end of June, the price of industrial naphthalene rose, the market of naphthalene phthalic anhydride rose, the market of ortho phthalic anhydride stabilized, and the market of ortho phthalic anhydride fluctuated and fell. The market for phthalic anhydride fluctuated and fell in June.
On the demand side: The trend of DOP on-demand procurement market is fluctuating and falling
According to the Commodity Market Analysis System of Shengyishe, as of June 28th, the price of plasticizer DOP was 9875 yuan/ton, a fluctuating decrease of 2.35% compared to the DOP price of 10112.50 yuan/ton on June 1st; Compared to the DOP price of 10400 yuan/ton on June 10th, it has decreased by 5.05%. The market for plasticizer raw material phthalic anhydride fluctuated and fell, while the price of isooctanol first rose and then fell. The cost of plasticizer DOP decreased, and the production of plasticizer DOP enterprises remained stable. The supply of plasticizer DOP was sufficient. Downstream manufacturers of plasticizers are experiencing a decline in production and poor demand. The downward pressure on plasticizers is increasing.
Future Market Forecast
According to analysts of Shengyishe’s phthalic anhydride product data, in the future, in terms of cost, the recent trend of crude oil prices has fluctuated and increased, while the high price of ortho xylene has temporarily stabilized, and the cost support for phthalic anhydride still exists; The downstream DOP market is fluctuating and falling, with poor demand for plasticizers and poor purchasing enthusiasm. It is expected that the market price of ortho phthalic anhydride will mainly fluctuate and consolidate in the later stage.
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