Phthalic anhydride market rebounds and rises
According to the Commodity Market Analysis System of Shengyi Society, as of December 25th, the price of phthalic anhydride from neighboring countries was 5633.33 yuan/ton, which rebounded and increased by 1.81% compared to the price of phthalic anhydride of 5533.33 yuan/ton on December 22nd. This week, phthalic anhydride has rebounded and stopped falling. The price of raw material ortho benzene has temporarily stabilized, costs have stabilized, the operating rate of phthalic anhydride enterprises has increased, and the supply of phthalic anhydride is sufficient; The operating load of downstream DOP enterprises has slightly increased, and the demand for phthalic anhydride has increased. Cost support has increased, coupled with increased demand support, reducing the downward pressure on phthalic anhydride.
The cost of phthalic anhydride has decreased, and the supply has increased
On December 25th, Sinopec quoted 5700 yuan/ton for ortho benzene, with ortho benzene prices temporarily stable and phthalic anhydride costs stabilizing. This week, the operating load of phthalic anhydride equipment has increased to 75%, resulting in an increase in production and sufficient supply of phthalic anhydride. Supply has increased, but there is still downward pressure on phthalic anhydride.
Demand side: DOP prices have fluctuated and risen this week
According to the commodity market analysis system, as of December 25th, the DOP price was 7217.50 yuan/ton, a fluctuating increase of 0.81% compared to the DOP price of 7159.16 yuan/ton on December 21st. This week, the operating load of plasticizer DOP enterprises has slightly increased, with the operating rate rising to 65%. DOP production has increased, and the demand for phthalic anhydride has increased. The downward pressure on phthalic anhydride has weakened, and the upward support has increased.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the DOP equipment load of plasticizer enterprises has increased, the production of plasticizers has increased, and the support for phthalic anhydride demand has increased. Overall, the cost of phthalic anhydride is stabilizing, the production of phthalic anhydride is increasing, and the supply and demand support are increasing. The profit losses of phthalic anhydride manufacturers are increasing, and they have a strong willingness to raise prices. The low-priced supply of phthalic anhydride in the market is decreasing, and the market speculation atmosphere is strengthening. It is expected that the price of phthalic anhydride will rebound and rise in the future.