First, the trend of the market:
According to statistics, the price trend of phthalic anhydride continued to decline in May. At the end of the month, the price of phthalic anhydride was 6033.33 yuan.ton, down 7.89% from 6550 yuan/ton at the beginning of the month and 19.62% from the same period last year. In Shandong province, phthalic anhydride is 6000-6100 yuan per ton self-lifting, while in Jiangsu, the main stream of phthalic anhydride negotiation is 6000-6100 yuan per ton, with sufficient spot supply in the market. The naphthalene phthalic anhydride plant starts normally, and the current quotation is about 5700 yuan per ton.
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II. Market analysis:
Products: In May, the price trend of domestic phthalic anhydride market slightly declined, the opening rate of phthalic anhydride market was about 70%, the market of phthalic anhydride in East China was weak, downstream factories maintained just in need of purchasing, the inventory pressure of factories continued, high-end transactions were blocked, the mainstream of on-site neighbourhood source negotiation was 6000-6100 yuan/ton, and the mainstream of naphthalene source negotiation was 5700-5800 yuan/ton. The main market quotation is about 6000 yuan/ton, the market is weak and shocky. The quotation trend of enterprises is temporarily stable, the downstream construction is not high, the purchase on demand is the main, the wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is sufficient, the market is not good, and the price trend of phthalic anhydride continues to decline.
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Industry chain: In May, the execution price of phthalic anhydride upstream phthalic anhydride Sinopec was 6200 yuan/ton, and the actual market transaction price was 6200 yuan/ton. The inventory of phthalic anhydride in East China Port was stable, and the inventory of phthalic anhydride in wharf was about 20,000 tons. The external market of phthalic anhydride declined, the cost of imported phthalic anhydride decreased, the external market of phthalic anhydride declined slightly, the upstream price declined, and the market price of phthalic anhydride continued to decline. DOP prices in the lower reaches fell in May, with a price of 7350 yuan/ton at the end of the month and a slight decrease of 8.64% in May. Recently, in the DOP market in Zhejiang, the quotation of merchants has been maintained at 7300-7400 yuan/ton, while the downstream price is at a low level. The demand for upstream phthalic anhydride is limited, and the price trend of the phthalic anhydride market has slightly declined.
Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend slightly declined.
3. Future market forecast:
Recently, the price of phthalic anhydride in the upstream has declined, and DOP prices in the downstream have declined. Demand has not improved. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride in June may be low, with the price around 5900 yuan/ton.