According to the commodity market analysis system of Shengyishe, the domestic market price of ortho phthalic anhydride has slightly declined this week. As of the weekend, the quoted price of ortho phthalic anhydride was 7487.5 yuan/ton, a decrease of 0.17% from the initial price of 7500 yuan/ton at the beginning of the week and a year-on-year decrease of 12.43%.
Supply side: The device operates stably and the supply of goods is normal
The operation of domestic phthalic anhydride plants is stable, with a current operating rate of over 60%. The supply of phthalic anhydride goods is relatively sufficient, coupled with normal production of naphthalene phthalic anhydride goods. The price of naphthalene phthalic anhydride fluctuates at a low level, which has correspondingly impacted the neighboring phthalic anhydride market, causing a slight decline in the phthalic anhydride market.
Cost side: The price of ortho benzene has declined, and the cost support is insufficient
This week, the domestic price trend of ortho benzene has declined. As of the end of the month, the price of ortho benzene was 7500 yuan/ton, a decrease of 3.85% from the beginning of the week’s price of 7800 yuan/ton. The supply of ortho benzene is normal, and the operation of on-site equipment is stable. In November, the crude oil price trend fell, the mixed xylene price fell, and the raw material price fell. As a result, the domestic price trend of ortho benzene has declined, which has brought a negative impact on the phthalic anhydride market. The price trend of the phthalic anhydride market has declined.
Demand side: DOP market focuses on on-demand procurement
The downstream DOP market prices have fluctuated and declined, with prices as of the weekend at 11450 yuan/ton, a decrease of 0.22% from the beginning of the week at 11475 yuan/ton. Domestic DOP enterprises have maintained their operations, and domestic DOP supply is normal. However, plasticizer enterprises are still operating at a loss, with plasticizer manufacturers operating at low loads and weak downstream demand. The mainstream price of DOP is 11400-11500 yuan/ton, and downstream plasticizer prices have slightly decreased. Overall demand has not improved, and the purchase of phthalic anhydride is average, The market price of phthalic anhydride remained weak this week.
Looking at the future market: In recent times, crude oil prices have fluctuated, and the price trend of ortho xylene has slightly declined. However, the downstream plasticizer market has been mainly volatile in recent times. In addition, the price of phthalic anhydride has fallen to the bottom space, and it is expected that the market price of ortho xylene may rise in the future.