According to the commodity market analysis system of the business community, the market price of o-phthalic anhydride declined this week. As of the weekend, the quotation of o-phthalic anhydride was 7800 yuan/ton, 2.19% lower than the price of 7975 yuan/ton at the beginning of the week, and 6.02% lower than the same period last year.

Supply side: Stable operation of the device and sufficient supply of goods

Recently, the operation of domestic phthalic anhydride plants has been stable, and the operation of domestic phthalic anhydride plants has been stable. Currently, the operating rate of domestic phthalic anhydride is around 60%, and the supply of goods is normal. Recently, the demand for phthalic anhydride has been average, and manufacturers’ orders have been light. Negative factors have affected the decline in the domestic phthalic anhydride market.

Cost end: price trend of o-benzene market is temporarily stable

This week, the price trend of domestic ortho benzene was temporarily stable. By the end of the week, the price of ortho benzene was 8100 yuan/ton, unchanged from the price of 8100 yuan/ton at the beginning of the week. The supply of ortho benzene was normal, and the operation of on-site devices was stable. This week, the price range of crude oil fluctuated, the pressure on ortho xylene increased, the demand for ortho xylene was weak, the price of ortho benzene on the external market changed little, the price trend of ortho benzene market was stable, and the decline of phthalic anhydride market was limited.

On the demand side: DOP market trend is declining, with on-demand procurement being the main focus

The price trend of downstream DOP market declined by 3.69% this week. At present, the domestic DOP price is 9560 yuan/ton. The domestic DOP enterprises have started to work steadily, and the demand for phthalic anhydride is mainly based on demand. The mainstream price of DOP is 9500-9600 yuan/ton. The trend of DOP price has a negative impact on the air phthalic anhydride market. As a whole, the demand of plasticizer industry is poor, and the price trend of phthalic anhydride market has declined due to this.

In the future, the price trend of o-xylene remains weak in the short term. In addition, the demand of downstream plasticizer industry has not improved significantly, and the trend of plasticizer market has declined. The supply of phthalic anhydride is normal, and the sales situation is general. It is expected that the market price of o-phthalic anhydride will decline slightly in the future.

According to the commodity analysis system of the business community, the market price of domestic neopentyl glycol first rose and then fell in May, and the average price of the mainstream market of domestic neopentyl glycol first rose from 10266.67 yuan/ton on May 1 to 10766.67 yuan/ton on May 5, an increase of 4.87%. After a week of stable operation, the fluctuation dropped to 10433.33 yuan/ton on May 31, a decrease of 3.10%. The price at the end of the month decreased by 38.02% year-on-year. Overall, the market price of neopentyl glycol rose 1.62% in May. On May 31, the new pentanediol commodity index was 50.28, unchanged from yesterday, a decrease of 51.47% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 16.79% from the lowest point of 43.05 points on November 28, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Market situation of domestic neopentyl glycol in May

From the supply side perspective, the prices quoted by mainstream manufacturers of neopentyl glycol have slightly increased this month.

From the cost side, the market price of isobutyraldehyde rose first and then fell in May. Some manufacturers stopped production for maintenance, and the market price of isobutyraldehyde rose from 7433.33 yuan/ton on May 1 to 10400.00 yuan/ton on May 8, an increase of 39.91%; Later, it fell to 7533.33 yuan/ton as of May 31, a decrease of 27.56%. Overall, the market price of isobutyraldehyde rose 1.35% in May. The price at the end of the month decreased by 75.33% year-on-year. The factory price of formaldehyde in China slightly decreased in May. The factory price of formaldehyde dropped from 1186.67 yuan/ton at the beginning of the month to 1123.33 yuan/ton at the end of the month, a decrease of 5.34%. On the whole, the price of upstream raw material market fell slightly, and the price support for neopentyl glycol was weak due to the influence of supply and demand.

Looking at the future market, the overall trend of the new pentanediol market in mid to early June may fluctuate slightly and decline mainly. The upstream isobutyraldehyde and formaldehyde markets have slightly declined, with insufficient cost support. The downstream paint market is average, and the enthusiasm for downstream procurement has weakened. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.