The price of phthalic anhydride in the domestic market declined. As of the 22nd, the price of phthalic anhydride was 8987.5 yuan/ton, down 1.78% from last week’s price. The phthalic anhydride market continued to decline.
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The market of phthalic anhydride declined, and the main influencing factors are as follows:
Supply side: sufficient supply of phthalic anhydride after unit restart
The supply of phthalic anhydride increased. Some domestic overhaul devices were restarted. Anhui Tongling Neighborhood phthalic anhydride began to ship normally. The 100000 ton phthalic anhydride device of Xinyang Group operated stably. Affected by the restart of the device, the domestic phthalic anhydride operating rate rose to about 60%. The domestic phthalic anhydride production capacity was seriously overcapacity, the phthalic anhydride supply was sufficient, and the market price fell.
Cost end: raw orthobenzene remains low
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The price of domestic ortho benzene remained low. As of the 22nd, the price of ortho benzene was 9000 yuan/ton, down 6.25% from the middle of October. Some units in the plant are still under repair. According to the manufacturer, the supply of raw materials for reaction is still tight. Affected by the decline of mixed xylene market, the market for ortho benzene is lower. Affected by this, the price trend of phthalic anhydride is downward.
Demand side: plasticizer market shocks and demand is sluggish
The price trend of the downstream DOP market of phthalic anhydride fluctuates. At present, the domestic DOP price is 10100 yuan/ton, and the domestic DOP enterprises start construction at a low level of about 50%. For phthalic anhydride, it is mainly purchased on demand, and the mainstream DOP price is 10000-1200 yuan/ton. Poor downstream demand is a negative impact of the phthalic anhydride market, and the phthalic anhydride market continues to decline.
In the future, the price of o-xylene is weak in the short term, the downstream plasticizer industry is sluggish, and the supply of phthalic anhydride has increased, adding negative factors. It is expected that the market price of phthalic anhydride will still fall in the future.
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