This week, the phthalic anhydride market rebounded and rose

According to the Commodity Market Analysis System of Shengyi Society, as of June 13th, the price of phthalic anhydride from neighboring countries was 6916.67 yuan/ton, which rebounded and increased by 0.97% compared to the price of phthalic anhydride of 6850 yuan/ton on June 6th; The price of phthalic anhydride fluctuated and fell by 0.48% from 6950 yuan/ton on June 1st. This week, the price of phthalic anhydride remained stable, while the price of industrial naphthalene fluctuated and rose. The cost support for phthalic anhydride increased, and the operating rate of phthalic anhydride enterprises decreased to 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market rose. The demand support for phthalic anhydride still exists. Supply reduction and demand support have led to a rebound in phthalic anhydride prices.
The cost of phthalic anhydride has increased, and the supply has decreased
This week, the price of ortho benzene is temporarily stable. Sinopec’s ortho benzene quotation is 6900 yuan/ton, and the price is temporarily stable. Industrial naphthalene prices have fluctuated and risen, while phthalic anhydride costs have increased. This week, there has been an increase in maintenance of phthalic anhydride equipment, resulting in a decrease in the operating rate of enterprises. The operating rate of the domestic phthalic anhydride industry has dropped to around 6.5%, and the expected supply of phthalic anhydride has decreased. Due to rising costs and reduced supply, the price of phthalic anhydride has increased this week.
Demand side: The DOP market has stopped falling and rebounded
According to the Commodity Market Analysis System of Shengyi Society, as of June 13th, the DOP price was 8250.83 yuan/ton, which rebounded and increased by 0.10% compared to the June 11th DOP price of 8242.50 yuan/ton; Compared to June 6th, the DOP price of 8267.50 yuan/ton first fell and then rose, with a decrease of 0.20%. This week, DOP prices rebounded and rose, plasticizer companies maintained stable operating loads, demand for phthalic anhydride rebounded, and phthalic anhydride price support increased.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of raw material ortho benzene is temporarily stable, while the price of industrial naphthalene is rising, resulting in an increase in phthalic anhydride costs; In terms of demand, the plasticizer market is rising, and the demand for phthalic anhydride is supported by increased demand; On the supply side, the production of phthalic anhydride enterprises has decreased, and the expected supply of phthalic anhydride has decreased. Overall, the decrease in supply and the rebound in demand supported by costs have led to a rebound in phthalic anhydride prices.