Feb. 28 Price Fluctuation of Phthalic Anhydride Market in China

On February 27, the phthalic anhydride commodity index was 67.80, up 0.65 points from yesterday, down 43.56% from the cyclical peak of 120.13 points (2012-02-28), and up 40.02% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).


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In recent years, domestic phthalic anhydride market price fluctuation, weak consolidation of phthalic anhydride market in eastern China, downstream factories maintaining just needed procurement, factory inventory pressure continued, high-end transactions were blocked, the mainstream of on-site neighbouring source negotiations was 6800-7000 yuan/ton, the mainstream of naphthalene source negotiations was 6700 yuan/ton; the mainstream quotation of phthalic anhydride market in North China was 6850-7000 yuan/ton, and the market weakness shocks as follows: Main, the quotation trend of enterprises is temporarily stable, downstream construction is not high, purchase on demand is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, phthalic anhydride price trend is temporarily stable.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual transaction price of the upstream product is 7100 yuan/ton. The quotation is stable, the stock of the port is at a low level, the actual transaction price of the port is slightly higher, the price of o-phthalic anhydride is rising, the cost of imported o-phthalic phthalic anhydride is rising, the actual transaction price is discussed in detail, DOP prices downstream slightly lower, in the recent Zhejiang DOP market, merchants quoted prices maintained at 8525-8700 yuan/ton out of warehouse, downstream prices slightly lower, for the upstream demand for phthalic anhydride is limited, phthalic anhydride market price shocks mainly, it is expected that the later market price of phthalic anhydride will maintain about 7000 yuan/ton.


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