The phthalic anhydride market stopped falling and consolidated in December
According to the Commodity Market Analysis System of Shengyi Society, as of December 31st, the price of phthalic anhydride in neighboring countries was 6600 yuan/ton, a decrease of 3.65% compared to the price of 6850 yuan/ton on December 1st. Stable operation of phthalic anhydride equipment and sufficient supply of phthalic anhydride; Plasticizer companies are operating at a high level, and there is active demand for phthalic anhydride procurement, which supports the demand for phthalic anhydride.
Supply side: Adequate supply of goods
In December, 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 was stable, and the supply was sufficient.
The cost of raw materials such as benzene decreased in December
According to the Commodity Market Analysis System of Shengyi Society, as of December 31st, the price of ortho xylene was 6700 yuan/ton, which fluctuated and fell by 2.90% compared to the price of ortho xylene at 6900 yuan/ton on December 1st. In December, the price of ortho phthalic anhydride fell, and the cost of ortho phthalic anhydride decreased, increasing the downward pressure on ortho phthalic anhydride. The weak adjustment of industrial naphthalene prices has led to a decrease in the cost of naphthalene phthalic anhydride. There is significant downward pressure on the overall cost of phthalic anhydride raw materials and the price of phthalic anhydride.
Demand side: The DOP market fluctuated and fell in December
According to the Commodity Market Analysis System of Shengyi Society, as of December 31st, the DOP price was 8226.25 yuan/ton, a fluctuating decrease of 8.99% compared to the DOP price of 9038.75 yuan/ton on December 1st. The price of raw materials has fallen, the cost of plasticizers has decreased, and the downward trend of DOP is slower than that of isooctanol. The profit of plasticizer DOP is high, and the enthusiasm of plasticizer enterprises to start production is high. The operating rate of plasticizers is high, and the supply of plasticizers is sufficient. The demand support for phthalic anhydride still exists, the inventory of phthalic anhydride manufacturers is low, and the situation of new orders is average. The upward support for phthalic anhydride 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 has fallen, the price of industrial naphthalene is weakly consolidating, the cost of phthalic anhydride has decreased, and there is significant pressure for the cost of phthalic anhydride to decline; 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, there is significant downward pressure on costs, supported by downstream demand, and it is expected that the phthalic anhydride market will remain weak and consolidate in the future.
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