This week, the phthalic anhydride market fluctuated and rose
According to the Commodity Market Analysis System of Shengyi Society, as of March 17th, the price of phthalic anhydride in neighboring countries was 7150 yuan/ton, which fluctuated and increased by 3.44% compared to the price of phthalic anhydride on March 7th, which was 6912.50 yuan/ton. The operating load of phthalic anhydride equipment is stable, and the inventory of phthalic anhydride is low; The operating load of plasticizer enterprises has increased, and downstream demand for phthalic anhydride has rebounded. The price of industrial naphthalene is stabilizing, the maintenance of adjacent benzene units is advanced, the supply of adjacent benzene is reduced, the support for the rise of adjacent benzene is increased, the price of adjacent benzene is strong and temporarily stable, the cost of raw materials is strong and temporarily stable, the downward pressure on phthalic anhydride prices is weakened, and the support for the rise is increased.
Supply side: Adequate supply of goods
The maintenance plan for the ortho benzene unit of Yangzi Petrochemical has been advanced, resulting in a reduction in ortho benzene supply and a continuous opening of the export window. Domestic ortho xylene spot supply has decreased, leading to a decrease in the load of ortho phthalic anhydride enterprises and a tightening of ortho phthalic anhydride supply.
This week, the cost of raw materials such as benzene is temporarily stable
According to the Commodity Market Analysis System of Shengyi Society, as of March 17th, the price of ortho xylene was 7300 yuan/ton, which is temporarily stable compared to the price of ortho xylene on March 7th at 7300 yuan/ton. The early maintenance of neighboring benzene manufacturers has reduced the supply of neighboring benzene, increased the price of neighboring benzene, and stabilized the cost of neighboring phthalic anhydride; The price of industrial naphthalene is stabilizing strongly, the cost of naphthalene phthalic anhydride is stabilizing strongly, and the cost support of phthalic anhydride still exists.
Demand side: DOP market trend first rises and then falls
According to the Commodity Market Analysis System of Shengyi Society, as of March 17th, the DOP price was 8101.25 yuan/ton, which first increased and then decreased by 0.46% compared to the DOP price of 8138.75 yuan/ton on March 7th; Compared to March 11th, the DOP price of 8251.25 yuan/ton fluctuated and fell by 1.82%. The production of plasticizer DOP enterprises has increased, plasticizer production has recovered, demand for phthalic anhydride has increased, phthalic anhydride inventory has decreased, and the upward momentum of phthalic anhydride has increased.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of costs, the expected start of production for phthalic anhydride has decreased, the supply of phthalic anhydride has decreased, the support for the rise in o-xylene prices has increased, the price of industrial naphthalene has temporarily stabilized, and the cost of phthalic anhydride has stabilized, with increased support for the rise in phthalic anhydride costs; In terms of demand, the operating load of DOP manufacturers has increased, and the support for the increase in demand for phthalic anhydride has increased. In the future, as costs rise and demand recovers, it is expected that the price of phthalic anhydride will fluctuate and rise.
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