This week, the phthalic anhydride market has seen a significant increase
According to the Commodity Market Analysis System of Shengyi Society, as of January 13th, the price of phthalic anhydride was 7050 yuan/ton, a significant increase of 6.62% compared to the price of 6612.50 yuan/ton on January 6th; Compared to January 1st, the price of phthalic anhydride increased significantly by 6.82% to 6600 yuan/ton. Stable operation of phthalic anhydride equipment and low inventory 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. With stocking up before the Spring Festival, the demand for phthalic anhydride briefly increased. The price of ortho benzene has risen significantly, the cost of raw materials has increased, and the driving force for the price increase of phthalic anhydride has increased.
Supply side: Adequate supply of goods
Domestic phthalic anhydride plants operate at low loads, with approximately 60% of phthalic anhydride manufacturers operating at capacity. Phthalic anhydride manufacturers have low inventory levels, resulting in tight supply of phthalic anhydride.
The cost of raw materials such as benzene has increased this week
According to the Commodity Market Analysis System of Shengyi Society, as of January 13th, the price of ortho xylene was 7200 yuan/ton, a significant increase of 7.46% compared to the price of 6700 yuan/ton on January 6th. The price of ortho benzene has significantly increased, and the cost of ortho phthalic anhydride has risen, increasing the driving force for the rise of ortho phthalic anhydride. Industrial naphthalene prices are consolidating strongly, and the cost of naphthalene phthalic anhydride is rising. The overall cost support for phthalic anhydride raw materials has increased.
Demand side: The DOP market has fluctuated and fallen this week
According to the Commodity Market Analysis System of Shengyi Society, as of January 13th, the DOP price was 8401.25 yuan/ton, a fluctuating decrease of 1.32% compared to the DOP price of 8513.75 yuan/ton on January 6th. Plasticizer companies have high profits, and they are actively starting production. The demand for raw material phthalic anhydride is also active, and before the Spring Festival, plasticizer manufacturers will replenish their inventory, which will greatly support the demand for phthalic anhydride.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has significantly increased, and the price of industrial naphthalene has remained strong and consolidated. The cost of phthalic anhydride has risen, and the driving force for the increase in phthalic anhydride costs has increased; In terms of demand, DOP manufacturers have high operating loads, coupled with stocking up before the Spring Festival, which provides strong support for phthalic anhydride demand. Overall, with cost support and downstream demand, it is expected that the phthalic anhydride market will rise in the future.
| http://www.polyvinylalcohols.com |