This week, the price of phthalic anhydride has slightly fallen
According to the Commodity Market Analysis System of Shengyi Society, the price trend of phthalic anhydride in the domestic phthalic anhydride market has fallen this week. As of July 19th, the price of phthalic anhydride in the phthalic anhydride process was 8075 yuan/ton, a slight decrease of 0.15% from the price of 8087.50 yuan/ton on July 12th. Domestic neighboring phthalic anhydride is priced at 7800-8100 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7450-7550 yuan/ton before leaving the factory.
Supply side: tight 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 fluctuated slightly and fell, and the naphthalene phthalic anhydride market fell. The ortho benzene market stabilized, and the cost support led to a slight decline in the ortho benzene phthalic anhydride market.
Demand side: DOP market is fluctuating and falling
According to the Commodity Market Analysis System of Shengyi Society, as of July 19th, the price of plasticizer DOP was 9725 yuan/ton, which fluctuated and fell by 1.89% compared to the DOP price of 9912.50 yuan/ton on July 12th last weekend. The market for phthalic anhydride, a raw material for plasticizers, has fluctuated and stabilized, while the price of isooctanol has fluctuated and fallen. The cost of plasticizers has also decreased, and the price of DOP, a plasticizer, has fluctuated and fallen this week. With the arrival of the hot and rainy season, PVC has entered a seasonal off-season in the industry, with both domestic demand off-season and export reduction coexisting. Downstream manufacturers are in the off-season, with low production levels and weak follow-up on actual transactions. The demand for plasticizers is poor, and there is significant downward pressure on plasticizers.
Future forecast
The data analyst for phthalic anhydride products at Shengyi Society believes that in the future, in terms of cost, the recent trend of crude oil prices has been fluctuating and consolidating, the price of ortho xylene has stabilized, and the cost support for phthalic anhydride still exists; In terms of demand, the downstream DOP market has fluctuated and fallen, resulting in poor demand for plasticizers. The cost is temporarily stable with weak demand, and the downward pressure on phthalic anhydride is increasing; The market for Nafthalic anhydride has weakened, which is bearish for neighboring phthalic anhydride. It is expected that the market for phthalic anhydride will remain weak and consolidate in the future.
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