The phthalic anhydride market fluctuated and fell in November

According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the price of phthalic anhydride in neighboring countries was 5926.67 yuan/ton, which fluctuated and fell by 0.39% compared to the price of phthalic anhydride at 5950 yuan/ton on November 1st. Phthalic anhydride continues its downward trend, with slight fluctuations in phthalic anhydride prices and neighboring benzene prices in November, resulting in a decrease in costs. Phthalic anhydride enterprises have stable operating rates and sufficient supply; The operating load of downstream DOP enterprises has slightly increased, and the demand for phthalic anhydride still remains supported. Supported by the demand for cost reduction, the price of phthalic anhydride fluctuated and fell in November.
The cost of phthalic anhydride decreased in November
On November 7th, Sinopec quoted 5900 yuan/ton for ortho benzene, a decrease of 200 yuan/ton or 3.28% from the price of 6100 yuan/ton on November 1st. The price of ortho benzene has fallen, and the cost of phthalic anhydride has decreased. The operating load of phthalic anhydride equipment has slightly increased, and the supply of phthalic anhydride is sufficient. The cost has decreased, and the pressure for phthalic anhydride to decline has increased.
Demand side: DOP prices fluctuate and rise
According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the DOP price was 7025.83 yuan/ton, a fluctuating increase of 0.24% compared to the DOP price of 7009.16 yuan/ton on November 1st. In November, the operating load of plasticizer DOP enterprises slightly increased, DOP production increased, and the demand for phthalic anhydride remained supported, reducing the downward pressure on phthalic anhydride.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the DOP equipment load of plasticizer enterprises has slightly increased, the production of plasticizers has increased, and the demand support for phthalic anhydride still exists; In terms of cost, the price of ortho xylene has decreased, the price of raw materials has decreased, and the cost of phthalic anhydride has decreased. In the future, the demand support for the decrease in cost of phthalic anhydride still exists, and the price of phthalic anhydride fluctuates and falls.