This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the price of phthalic anhydride in neighboring countries was 6050 yuan/ton, a fluctuating decrease of 3.87% compared to the price of 6293.33 yuan/ton on October 1st, and a decrease of 2.68% compared to the price of 6216.67 yuan/ton on October 13th last Monday. This week, the price of ortho benzene fell, the price of industrial naphthalene fluctuated and fell, the cost support of phthalic anhydride decreased, the equipment load of phthalic anhydride slightly decreased, the operating rate of phthalic anhydride enterprises decreased, the supply of phthalic anhydride was sufficient, the downstream plasticizer market fluctuated and fell, the equipment operating load of plasticizer enterprises decreased, and the demand support for phthalic anhydride weakened. Due to the decrease in costs and weakened demand support, the price of phthalic anhydride fluctuated and fell this week.
This week, the cost of phthalic anhydride has decreased
On October 20th, Sinopec quoted 6100 yuan/ton for ortho benzene, a decrease of 300 yuan/ton or 4.69% from the price of 6400 yuan/ton on October 1st. The price of industrial naphthalene has fluctuated and fallen, the price of ortho benzene has fallen, the cost of phthalic anhydride has decreased, and the downward pressure on phthalic anhydride has increased. This week, the operating load of phthalic anhydride equipment has slightly decreased, the operating rate of phthalic anhydride enterprises has decreased, and the supply of phthalic anhydride is sufficient.
Demand side: Downstream production decreases, DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the DOP price was 7209.17 yuan/ton, a fluctuating decrease of 2.15% compared to the DOP price of 7367.50 yuan/ton on October 1st; Compared to October 13th, the DOP price of 7309.16 yuan/ton fluctuated and fell by 1.37%. This week, DOP prices fluctuated and fell, with DOP companies operating at less than 60% capacity and a slight decrease in operating rates. The weak demand for phthalic anhydride intensified, and the support for phthalic anhydride demand decreased, increasing the downward pressure on phthalic anhydride.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the load of plasticizer enterprises has decreased, the production of plasticizers has decreased, and the support for phthalic anhydride demand has decreased; In terms of cost, the price of ortho xylene has fallen, the price of industrial naphthalene has fluctuated and fallen, and the cost of phthalic anhydride has decreased. In the future, the cost of phthalic anhydride will decrease, coupled with a decrease in demand support, and it is expected that the price of phthalic anhydride will fluctuate and fall.