I. market trend:
According to statistics, in October, the market price of phthalic anhydride in China continued to fall. As of 30 days, the market price of phthalic anhydride in China was 6500 yuan / ton, down 7.14%, down 18.75% year on year. About 6350-6500 yuan / ton of phthalic anhydride in Shandong, 6500-6700 yuan / ton of phthalic anhydride in Jiangsu. There is sufficient spot supply in the market. Manufacturers report that the recent delivery situation is not good, and the price of phthalic anhydride continues to fall.
II. Market analysis:
| PVA 0588 ( PVA BP05) |
Product: in October, the market price of phthalic anhydride in China fell sharply. The on-site device was started and restarted. The on-site phthalic anhydride operation rate was more than 60%. The spot supply was normal. Some manufacturers reported that the recent delivery was not good. The inventory of manufacturers increased compared with the previous period, and the market price of phthalic anhydride continued to fall. In the near future, the price of the upstream raw material phthalic acid market mainly falls, the price of the port phthalic acid remains low, there is still equipment maintenance in the phthalic acid plant, and the affected price in the phthalic anhydride market slightly falls; the downstream plant still maintains rigid purchase, the main flow of the on-site phthalic acid source negotiation is 6400-6600 yuan / ton, the main flow of the naphthalene method source negotiation is 5800-6000 yuan / ton; the main flow of the phthalic anhydride market in North China is 6350-6500 yuan/ Tons, the market price continued to decline, the quotation of some enterprises in North China fell, the downstream construction was general, the purchase was mainly on demand, the wait-and-see mentality was strong, the domestic phthalic anhydride delivery situation was poor, the manufacturer’s inventory increased, high-end transactions were blocked, and the phthalic anhydride price continued to fall.
Upstream: the execution price of domestic ortho benzene Sinopec for upstream products is 6500 yuan / ton. Due to the restart of maintenance devices of some domestic ortho benzene manufacturers, the supply of goods inside the site has increased, the market of imported ortho benzene in the port area has declined, and the quotation has declined. Recently, the market of ortho benzene in the port has declined, the inventory of the port is low, and the quotation of the external ortho benzene market has fluctuated and fallen. The actual transaction price is subject to negotiation. The details are discussed. The price trend of phthalic anhydride market continued to decline.
| PVA |
Downstream: lower downstream DOP price, lower isooctanol price and lower DOP cost. The price of DOP has declined, the downstream demand of DOP is average, the purchasing enthusiasm of customers is average, the downstream PVC market is fluctuating and declining, the high-end transaction of DOP is blocked, the mainstream transaction price of DOP market is 7400-7700 yuan / ton, the downstream price of terminal has declined, the demand is bad for domestic phthalic anhydride market, and the price of phthalic anhydride market has declined slightly.
3. Future forecast:
At present, the price trend of upstream phthalic acid remains low, terminal demand is reduced, DOP price has a downward trend, and the on-site favorable support is insufficient. Phthalic anhydride analysts of business agency think that the market price of phthalic anhydride may be slightly lower, with the price around 6400 yuan / ton.
| POLYVINYL ALCOHOL |