The phthalic anhydride market fluctuated and fell in April
According to the Commodity Market Analysis System of Shengyi Society, as of April 9th, the price of phthalic anhydride in neighboring countries was 7383.33 yuan/ton, a fluctuating decrease of 0.67% compared to the price of 7433.33 yuan/ton on April 1st. The equipment operating load of phthalic anhydride manufacturers remains low and stable, coupled with weak downstream demand, the support for phthalic anhydride price increases has weakened, and phthalic anhydride prices have fluctuated and fallen. At the end of March, phthalic anhydride manufacturers underwent maintenance, resulting in a decrease in phthalic anhydride supply. In April, phthalic anhydride production slowly resumed, and phthalic anhydride supply resumed. In April, phthalic anhydride prices fluctuated and fell.
Supply side: resumption of work and increased supply
After the Qingming Festival holiday, with the gradual restoration of pre maintenance equipment, the capacity utilization rate of the domestic phthalic anhydride industry has improved, and the capacity utilization rate of the naphthalene phthalic anhydride industry has increased to about 60% after the holiday; The utilization rate of production capacity in the domestic phthalic anhydride industry may show low fluctuations, with little overall change. The overall supply of phthalic anhydride in the market has increased.
Demand side: DOP market is fluctuating and falling
According to the Commodity Market Analysis System of Shengyi Society, as of April 9th, the DOP price was 8192.50 yuan/ton, a fluctuating decrease of 1.16% from the April 1st DOP price of 8288.75 yuan/ton. The buying atmosphere in the plasticizer market has sharply declined, and the inventory of plasticizers has increased. With difficulties in inventory management and declining profits, DOP plants have started to reduce production, resulting in a decrease in demand for phthalic anhydride and increased pressure on phthalic anhydride prices.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of supply, phthalic anhydride manufacturers are slowly resuming production, and the supply of phthalic anhydride is increasing; In terms of demand, the expected operating load of DOP manufacturers has decreased, and the demand for phthalic anhydride has weakened, increasing the downward pressure on phthalic anhydride. In the future, as supply increases and demand weakens, it is expected that the price of phthalic anhydride will fluctuate and fall.
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