First, the trend of the market:
According to statistics, the price of phthalic anhydride declined slightly this week. The price of phthalic anhydride this weekend was 6 650 yuan. ton, down 0.25% from 6 6666.67 yuan / ton at the beginning of the week and 8.67% from the same period last year. The phthalic anhydride unit in Shandong province is 6500-6700 yuan per ton self-lifting, while in Jiangsu province, the main stream of phthalic anhydride negotiation is 6700 yuan per ton, with sufficient spot supply in the market. The naphthalene phthalic anhydride unit is running normally and the current quotation is 6300-6400 yuan per ton.
2. Market analysis:
Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined, the market opening rate of phthalic anhydride is about 70%, the market of phthalic anhydride in East China is weak, the downstream factories are in need of purchasing, the inventory pressure of factories is persistent, high-end transactions are blocked, the mainstream of in-site neighbourhood source negotiations is 6500-6700 yuan/ton, and the mainstream of naphthalene source negotiations is 6300-6400 yuan/ton. Mainstream market quotation is 6400-6700 yuan/ton, the market is weak and shocks are dominant, the quotation trend of enterprises is temporarily stable, downstream construction is not high, purchasing on demand is dominant, wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is sufficient, the stock situation is not good, the price trend of phthalic anhydride is slightly declining.
Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6700 yuan/ton. The actual market transaction price is 6800 yuan/ton. The quotation is stable and the port supply is general. The price fluctuation of raw materials mixed xylene in the upstream of phthalic acid is stable, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid is temporarily stable, the cost of imported phthalic acid is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride is slightly lower. DOP prices downstream slightly declined. Recently, in Zhejiang DOP market, merchants’quotations were maintained at 8300-8400 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the price trend of phthalic anhydride market declined slightly.
Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend is declining.
3. Future market forecast:
Recently, the price trend of phthalic anhydride in the upstream has not changed much. DOP prices in the downstream have declined. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may oscillate at a low level, with a price of about 6,600 yuan/ton.