According to the monitoring of the business association, the market price of phthalic anhydride in China has increased recently. As of the 11th day, the price of phthalic anhydride by phthalic acid method has been 5275 yuan / ton. The market price of phthalic anhydride has increased by 5.76% in four days, down 9.57% year on year. In the near future, the price of phthalic anhydride has increased with the increase of the market price of phthalic anhydride.
| PVA 1799 (PVA BF17) |
In recent years, the price of domestic phthalic anhydride market has gone up, the situation of phthalic anhydride market is normal, the high price of crude oil has boosted domestic petrochemical products, the price of ortho benzene has been affected, and the price of phthalic anhydride market has been boosted. The operation of domestic phthalic anhydride manufacturers is normal, the operation rate of phthalic anhydride in the field is about 60%, the spot supply of domestic phthalic anhydride is normal, the downstream plasticizer industry mainly purchases on demand, the on-site merchants are bullish, and the on-site trading market is picking up. The market price of phthalic anhydride in East China is higher, and the high-end transactions in the market are limited. In East China, the main flow of negotiation of neighboring method’s goods source is 5200-5500 yuan / ton, and that of naphthalene method’s goods source is 4900-5100 yuan / ton. In North China, the main flow of negotiation of phthalic anhydride market is 5200-5400 yuan / ton, and the observation state of phthalic anhydride market still exists, and the market price of phthalic anhydride is rising.
The most favorable factor for the recent increase of phthalic anhydride market price is the increase of domestic phthalic acid price. The upstream product of phthalic anhydride, domestic phthalic Sinopec, has increased the executive price by 100 yuan / ton to 4300 yuan / ton. The import price of phthalic acid in the port area has recovered, and the external quotation of phthalic acid has increased. The actual transaction price is subject to negotiation. The details are discussed in detail. In addition, there is strong bullish sentiment among the phthalic acid merchants in the site, and the price of phthalic acid has increased The increase in the price of phthalic anhydride is a good support for the increase in the market price of phthalic anhydride.
Another positive support is the higher price of downstream DOP market. In June, the price of plasticizer DOP rose and the market performance of DOP was strong. Recently, the price of DOP in East China is 7133.33 yuan / ton, which is 2.15% higher than that of DOP at the beginning of the month (6983.33 yuan / ton). In addition, the price of isooctanol is rising, and the market price of DOP is higher. The market of plasticizer industry has recovered, and the price of DOP market is 7100-7350 yuan / ton. The trading enthusiasm of market plasticizer has increased, and the downstream market is higher, which is good support for domestic phthalic anhydride market and higher phthalic anhydride market.
| PVA |
The final positive factor is that crude oil price remains high. According to the monitoring of bureau business agency, the price of WTI crude oil futures market in the United States rose on the 10th, and the settlement price of main contract was US $39.60/barrel, that of Brent crude oil futures market rose, and that of main contract was US $41.73/barrel. Crude oil prices remained at a high level in June, together with production reduction agreements reached by major oil producers, which pushed crude oil prices up slightly. At present, the contradiction between supply and demand of crude oil is still prominent, and the problem of excess supply is still the primary problem that puzzles the oil market. However, with the reduction of production in oil producing countries and the restart of economy in more countries, the supply and demand of crude oil will tend to a new balance. Driven by the sharp increase of crude oil price, the price of domestic petrochemical products will be boosted, and the market price of phthalic anhydride will be higher.
In the near future, crude oil price is high and volatile, the price trend of raw material o-benzene is rising, and the transaction of plasticizer is positive. The downward pressure of DOP market in the future is still strong, and the sustained good support is still there. It is expected that the market price of phthalic anhydride will rise slightly in the later period.
| POLYVINYL ALCOHOL |