This week, the phthalic anhydride market fluctuated and fell
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According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the price of phthalic anhydride in neighboring countries was 7033.33 yuan/ton, a fluctuating decrease of 0.47% compared to the price of 7066.67 yuan/ton on April 16th. This week, the equipment production of phthalic anhydride enterprises has been stable, and the supply of phthalic anhydride is sufficient; Downstream demand for plasticizers is weak, and the price of phthalic anhydride is fluctuating and falling.
Supply side: resuming work and ensuring sufficient supply
The phthalic anhydride plant has started operating steadily, and the domestic phthalic anhydride industry’s capacity utilization rate has increased. The naphthalene phthalic anhydride industry’s capacity utilization rate has remained stable; The utilization rate of production capacity in the domestic phthalic anhydride industry is slowly recovering, and the supply of phthalic anhydride is sufficient.
Demand side: DOP market experiences slight fluctuations and declines
According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the DOP price was 8167.50 yuan/ton, a fluctuating decrease of 0.41% compared to the DOP price of 8200.83 yuan/ton on April 16th. The utilization rate of plasticizer DOP enterprises remains stable at a low level, and the production of plasticizer DOP remains stable. However, downstream demand for phthalic anhydride is insufficient, and downward pressure on phthalic anhydride prices still exists.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of supply, phthalic anhydride manufacturers have stable production and sufficient supply of phthalic anhydride; In terms of demand, the operating load of DOP manufacturers is temporarily stable at a low level, and the demand support for phthalic anhydride is weak. In the future, with strong supply and weak demand, it is expected that the price of phthalic anhydride will fluctuate and fall.
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