The phthalic anhydride market has fallen again this week
According to the Commodity Market Analysis System of Shengyi Society, the price trend of phthalic anhydride in the domestic phthalic anhydride market has fallen again this week. As of August 21, the price of phthalic anhydride in the phthalic anhydride market was 7800 yuan/ton, a decrease of 0.95% from the price of 7875 yuan/ton on August 12; Compared to August 1st, the price of phthalic anhydride has continued to decline at 7887.50 yuan/ton, a decrease of 1.11%. In August, the price of phthalic anhydride declined slightly several times, and this week, the price of phthalic anhydride continued its downward trend and fell again. Domestic neighboring phthalic anhydride is priced at 7500-7800 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7200-7300 yuan/ton before leaving the factory.
Supply side: Stable supply of goods
The operation of domestic phthalic anhydride plants is temporarily stable, with a production rate of about 60%. The spot supply of phthalic anhydride is stable, and the sales situation of phthalic anhydride manufacturers is average. This week, the price of industrial naphthalene is strong and stable, and the market for naphthalene based phthalic anhydride is stabilizing. The market for ortho phthalic anhydride is weak and stable, and cost support is decreasing. The market for ortho phthalic anhydride is temporarily stable.
The cost of phthalic anhydride raw material ortho benzene has decreased
According to the Commodity Market Analysis System of Shengyi Society, as of August 21st, the price of ortho benzene was 8100 yuan/ton, a decrease of 4.71% from the price of ortho benzene at the beginning of the month, which was 8500 yuan/ton. The price of ortho benzene has continuously dropped significantly, and the cost of phthalic anhydride raw materials has decreased, putting significant pressure on phthalic anhydride to decline. Industrial naphthalene manufacturers have reduced their burden and pressure, resulting in a tight supply and a narrow rise in industrial naphthalene prices. The price of Nafthalic anhydride has fallen to the bottom line of manufacturers, indicating a strong willingness to raise prices.
Demand side: The DOP market is experiencing weak upward momentum
According to the Commodity Market Analysis System of Shengyi Society, as of August 21st, the price of plasticizer DOP was 9001 yuan/ton, a decrease of 2.70% from the price of 9251 yuan/ton on August 11th last week; Compared to August 1st at the beginning of the month, the DOP price of 9500 yuan/ton fluctuated and fell by 5.25%. Last weekend, the price of plasticizers rebounded slightly, and the market demand for plasticizers was bullish. However, the market recovery did not meet expectations, and the peak season was not prosperous, resulting in weak upward momentum in the DOP market.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the continuous decline in the price of ortho xylene has led to a decrease in the cost of phthalic anhydride; On the demand side, the downstream DOP market fluctuated and fell, and the demand for plasticizers did not recover as expected. In the future, the demand for cost reduction is weak, and it is expected that the market for phthalic anhydride will decline.
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