The domestic market price of phthalic anhydride stopped falling and recovered. As of the 16th, the price of phthalic anhydride was 8175 yuan/ton, up 0.31% from the price of 8150 yuan/ton at the beginning of the week. The supply of phthalic anhydride was normal, downstream orders increased, and the market price stopped falling.
The market of phthalic anhydride rose slightly, and the main influencing factors are as follows:
Supply side: the spot supply of phthalic anhydride is tight
The supply of phthalic anhydride is normal, domestic phthalic anhydride plants are operating stably, Anhui Tongling Neighbouring phthalic anhydride starts to ship normally, Xinyang Group’s 100000 ton phthalic anhydride plant is operating stably, and Yamato Hongxin’s phthalic anhydride is operating normally. At present, the domestic phthalic anhydride operating rate is maintained at more than 60%, the manufacturer’s inventory is exhausted, the supply of goods is increased, and the situation of shipment is improved, and the market trend is rising slightly.
Cost end: the price of ortho benzene is lower, and the cost support is weakened
The price trend of domestic ortho benzene declined. As of the 16th, the price of ortho benzene was 7800 yuan/ton, down 4.88% this week. The overhaul and restart of some ortho benzene units in the plant. According to the increase in the supply of ortho benzene as the reaction raw material from the manufacturer, the ortho benzene market has declined due to the decline of mixed xylene market, and the cost support has weakened. The increase of phthalic anhydride market is limited due to this.
Demand side: plasticizer market rose, orders increased
The DOP market price in the downstream of phthalic anhydride rose slightly. At present, the domestic DOP price is 9960 yuan/ton, and the domestic DOP enterprises started at a low level of about 50%. For the increase of phthalic anhydride orders, the mainstream DOP price is 9900-10100 yuan/ton. The production of plastic products is normal, the demand for plasticizers is fair, and the plasticizer industry has risen slightly. The increase in downstream demand is a good support for the phthalic anhydride market, which has risen slightly.
In the future, the price of o-xylene is weak in the short term, the downstream plasticizer industry is in a downturn, and the supply of phthalic anhydride is normal, but the inventory of phthalic anhydride manufacturers is low. It is expected that the market price of phthalic anhydride will remain volatile in the future.