This week, the price of phthalic anhydride has risen weakly

According to the Commodity Market Analysis System of Shengyi Society, as of December 23, the price of phthalic anhydride in neighboring countries was 6575 yuan/ton, which first increased and then decreased by 1.35% compared to the price of 6487.50 yuan/ton on December 16. Stable operation of phthalic anhydride equipment and sufficient supply of phthalic anhydride; This week, the phthalic anhydride market is mainly focused on wait-and-see, with limited actual orders. The price of ortho phthalic anhydride rose and then fell, while the price of nano phthalic anhydride remained weak and consolidated. The price of phthalic anhydride first rose and then fell.

Supply side: Adequate supply of goods

This week, the operating load of domestic phthalic anhydride plants remained stable at a high level, with 70% of phthalic anhydride manufacturers operating at full capacity. The supply of phthalic anhydride from manufacturers is stable, and the supply of phthalic anhydride is sufficient.

The cost of raw material ortho benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of December 23, the price of ortho xylene was 6700 yuan/ton, which is temporarily stable compared to the price of ortho xylene at 6700 yuan/ton on December 16; Compared to December 1st, the price of ortho xylene fluctuated and fell by 6900 yuan/ton, a decrease of 2.90%. This week, the price of ortho phthalic anhydride has remained stable, and the cost of ortho phthalic anhydride has stabilized, reducing the downward pressure on ortho phthalic anhydride. The price of industrial naphthalene is stabilizing, and the cost of naphthalene phthalic anhydride is stabilizing. The overall downward pressure on the cost of phthalic anhydride raw materials has weakened, and the downward pressure on phthalic anhydride prices has also weakened.

Demand side: The DOP market has fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyi Society, as of December 23, the DOP price was 8326.25 yuan/ton, a fluctuating decrease of 2.92% compared to the DOP price of 8576.25 yuan/ton on December 16. Plasticizer companies have a high enthusiasm for starting production, with a high operating rate of plasticizers. The demand for phthalic anhydride still exists, and the inventory of phthalic anhydride manufacturers is low. The situation of new orders is average, and the support for phthalic anhydride rising still exists.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is stabilizing, the price of industrial naphthalene is weakly consolidating, the cost of naphthalene phthalic anhydride is decreasing, and the pressure of phthalic anhydride cost decline still exists; In terms of demand, the operating load of DOP manufacturers remains stable at a high level, while the demand support for phthalic anhydride still exists. Overall, the pressure of cost decline still exists, with certain demand support, and it is expected that the phthalic anhydride market will fluctuate and stabilize in the future.