I. market trend:

According to statistics, the market price of phthalic anhydride in China continued to decline. As of the end of the week, the market price of phthalic anhydride in China was 6662.5 yuan / ton, down 2.56% from 6837.5 yuan / ton at the beginning of the week, down 16.98% year on year. About 6600-6800 yuan / ton of phthalic anhydride from neighboring process in Shandong, 6700-6900 yuan / ton of phthalic anhydride is the mainstream of phthalic anhydride negotiation in Jiangsu. There is sufficient spot supply in the market. Manufacturers report that the recent delivery situation is not good, and the price of phthalic anhydride keeps falling.

II. Market analysis:

Products: in the near future, the market price of phthalic anhydride in China is low, the on-site devices are operating normally, the on-site phthalic anhydride operating rate is more than 60%, and the spot supply is sufficient. Some manufacturers report that the recent delivery situation is not good, the inventory of manufacturers has increased compared with the previous period, and the market price of phthalic anhydride has slightly dropped. In the near future, the price of the upstream raw material phthalic acid market is mainly fluctuating, the price of the port phthalic acid is not changing much, there are still devices in the phthalic acid plant for maintenance, but the spot delivery of phthalic acid in the bank is less than that in the first ten days of September, and the affected price in the phthalic anhydride market is slightly reduced; the downstream plant still maintains the rigid purchase, the main flow of the on-site phthalic acid source negotiation is 6600-6800 yuan / ton, and the main flow of naphthalene source negotiation is 6100 yuan / ton.- 6200 yuan / ton; the main quotation of phthalic anhydride market in North China is 6600-6700 yuan / ton, the market price is slightly lower, the quotation of some enterprises in North China is declining, the downstream is generally started, the purchase is mainly on demand, the wait-and-see mentality is strong, the domestic phthalic anhydride is generally sold, the inventory of manufacturers is increased, the high-end transaction is blocked, and the price of phthalic anhydride is lower.

Upstream: the execution price of domestic ortho benzene Sinopec of upstream products dropped by 200 yuan / ton to 6700 yuan / ton. Due to the restart of some maintenance devices of domestic ortho benzene manufacturers, the supply of goods in the field increased, and the price of ortho benzene fell slightly. In addition, the price of imported ortho benzene in the port area fell, the price of ortho benzene in the port decreased in the near future, the stock in the port was low, and the price of ortho benzene in the external market fell in shock, and the actual result was achieved. The price is subject to negotiation, but the downstream demand is poor, and the market price of phthalic anhydride continues to decline.

Downstream: the market price of DOP declined, the price of isooctanol temporarily stabilized, and the cost of DOP raw materials fell. The price of DOP fell, the downstream of DOP was adjusted by shocks, the customer’s purchasing enthusiasm was stable, the downstream PVC market was adjusted by shocks, the high-end transaction of DOP was blocked, the mainstream transaction price of DOP market was 7500-7800 yuan / ton, the downstream price of the terminal was lower, the demand was bad for the domestic phthalic anhydride market, and the price of phthalic anhydride market fell slightly.

3. Future forecast:

At present, the upstream phthalic acid price has fallen, the terminal demand has decreased, and the DOP price has declined slightly. The phthalic anhydride analysts of the business agency think that the market price of phthalic anhydride may decline slightly, and the price is about 6600 yuan / ton.