The domestic market price of phthalic anhydride has slightly declined this week (12.2-12.8)

According to the commodity market analysis system of Shengyishe, the domestic market price of ortho phthalic anhydride has slightly declined this week. As of the weekend, the quoted price of ortho phthalic anhydride was 7400 yuan/ton, a decrease of 1.17% from the beginning of the week price of 7487.5 yuan/ton, and a year-on-year decrease of 9.20%.

 

Gamma Polyglutamic Acid

Supply side: The device operates stably and the supply of goods is normal

 

The operation of domestic phthalic anhydride plants is stable, with a current operating rate of over 60%. The supply of phthalic anhydride goods is relatively sufficient, coupled with normal production of naphthalene phthalic anhydride goods. The price of naphthalene phthalic anhydride fluctuates at a low level, which has correspondingly impacted the neighboring phthalic anhydride market, causing a slight decline in the phthalic anhydride market.

 

Cost side: Low prices of ortho benzene, insufficient cost support

 

This week, the domestic price trend of ortho benzene remained low. As of the weekend, the price of ortho benzene was 7500 yuan/ton, which was unchanged from the price of 7500 yuan/ton at the beginning of the week. The supply of ortho benzene was normal, and the operation of on-site equipment was stable. This week, the crude oil price trend decreased, the mixed xylene price fell, and the raw material price fell. As a result, the domestic ortho benzene price remained low. The sluggish ortho benzene market brought a negative impact on the phthalic anhydride market, and the phthalic anhydride market price trend slightly declined.

 

Demand side: DOP market focuses on on-demand procurement

 

The downstream DOP market price has slightly increased, with a price of 11808 yuan/ton as of the weekend, an increase of 3.13% compared to the price of 11450 yuan/ton at the beginning of the week. Domestic DOP enterprises have maintained their operations, and domestic DOP supply is normal. However, plasticizer enterprises are still operating at a loss, with plasticizer manufacturers operating at low loads and downstream demand being weak. The mainstream DOP price is 11800-11900 yuan/ton, and the downstream plasticizer price trend has slightly increased. The overall demand has not improved, and the purchase of phthalic anhydride is average, The market price of phthalic anhydride remained weak this week.

 

In the future, the crude oil price range has been fluctuating recently, and the price trend of ortho xylene has slightly declined and remained stable. However, the downstream plasticizer market has recently fallen, and the price of phthalic anhydride has reached its bottom. It is expected that the market price trend of ortho xylene will be mainly volatile in the later period.

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