China’s domestic phthalic anhydride market declined on June 12

On June 12, the phthalic anhydride commodity index was 56.45, down 0.32 points from yesterday, down 53.01% from the peak of 120.13 points in the cycle (2012-02-28), and up 16.58% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).


Recently, the domestic market price of phthalic anhydride has declined slightly, the market of phthalic anhydride in eastern China has maintained a weak position, downstream factories have just needed to purchase, factory inventory pressure has continued, high-end transactions have been hindered, the mainstream of on-site neighbouring source negotiations is 5700-5800 yuan/ton, and the mainstream of naphthalene source negotiations is 5400-5500 yuan/ton; the mainstream price of phthalic anhydride market in North China is 5700-5800 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 5900 yuan/ton. The actual transaction price in the market is 6000 yuan/ton. The quotation is declining, and the port’s market is general. The price of raw materials mixed xylene in upstream is lower, the turnover of phthalic anhydride is general, the stock of phthalic anhydride in port is low, the quotation of phthalic outer plate is lower, the cost of imported phthalic anhydride is oscillating, the actual transaction price is detailed, the price trend in upstream is declining, and the market price of phthalic anhydride is declining. DOP downstream price is lower, DOP downstream demand is general, customer procurement enthusiasm is not good, DOP 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 about 5750 yuan/ton.