China’s domestic phthalic anhydride market price declined on June 20

On June 20, the phthalic anhydride commodity index was 54.01, down 0.26 points from yesterday, down 55.04% from the cyclical peak of 120.13 points (2012-02-28), and up 11.54% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has slightly declined, the market of phthalic anhydride and 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 neighbourhood source negotiation is 5500-5600 yuan/ton, and the mainstream of naphthalene source negotiation is 5200-5300 yuan/ton. Mainstream quotation ranges from 5500 to 5600 yuan/ton, the market is weak and shocks are dominant. The quotation trend of enterprises is slightly declining, downstream construction is not high, purchasing on demand is dominant, wait-and-see mentality is strong, domestic phthalic anhydride plant is stable, phthalic anhydride spot supply is normal, the market is not good, and the price trend of phthalic anhydride is gloomy.

Recently, the execution price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 5900 yuan/ton. The actual transaction price in the market is 5900 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 market mainstream transaction price is about 7000 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 5500 yuan/ton approx.