China’s domestic phthalic anhydride market price declined on June 3

On June 2, the phthalic anhydride commodity index was 58.72, unchanged from yesterday, down 51.12% from the cyclical peak of 120.13 points (2012-02-28), and up 21.27% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).


Recent domestic market price trend of phthalic anhydride has maintained low, the phthalic anhydride market in eastern China has maintained a weak position, downstream factories have maintained just-needed procurement, factory inventory pressure has continued, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiations is 5900-6000 yuan/ton, the mainstream of naphthalene source negotiations is 5600-5700 yuan/ton; the mainstream price of phthalic anhydride market in North China is 5900-6000 yuan/ton, and the market is weak. The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6200 yuan/ton. The actual transaction price in the market is 6200 yuan/ton. The quotation is declining, and the port market is general. The upstream raw material mixed xylene price fluctuation maintains stable, the turnover of phthalic acid is general, the port phthalic acid inventory is low, the quotation of phthalic acid external market is low, the import phthalic acid cost fluctuation, the actual transaction price is discussed in detail, the upstream price trend is declining, and the market price of phthalic anhydride remains weak. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP market mainstream transaction price is about 7300 yuan/ton, DOP downstream price is still under pressure, downstream price is slightly lower, demand for upstream phthalic anhydride is limited, phthalic anhydride market price is slightly lower, it is expected that the later market price of phthalic anhydride will be around 6000 yuan/ton.