This week, the phthalic anhydride market fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of July 18th, the price of phthalic anhydride in neighboring countries was 6766.67 yuan/ton, a fluctuating decrease of 0.49% compared to the price of phthalic anhydride on July 11th, which was 6800 yuan/ton. This week, the price of ortho benzene has stabilized, the price of industrial naphthalene has fluctuated and stabilized, and the cost support of phthalic anhydride still exists. The maintenance of phthalic anhydride equipment has decreased this week, and the operating rate of phthalic anhydride enterprises has increased. The supply of phthalic anhydride is sufficient, and the downstream plasticizer market has fluctuated and rebounded. The operating load of equipment in plasticizer enterprises has decreased, and the demand support for phthalic anhydride has weakened. Due to sufficient supply and decreasing demand, the price of phthalic anhydride fluctuated and fell this week.
The cost support of phthalic anhydride still exists, and the supply is decreasing
Sinopec’s quotation for ortho benzene is 7000 yuan/ton. The price of industrial naphthalene is fluctuating and stabilizing, while the cost support of phthalic anhydride still exists. This week, the maintenance of phthalic anhydride equipment has decreased, and the operating rate of enterprises has increased to 6.5%. The supply of phthalic anhydride is sufficient. The supply is sufficient, and the support for the rise in phthalic anhydride prices this week has weakened.
Demand side: DOP prices first fell and then rose
According to the Commodity Market Analysis System of Shengyi Society, as of July 18th, the DOP price was 8109.16 yuan/ton, a decrease of 0.82% compared to the DOP price of 8175.84 yuan/ton on July 11th; Compared to the DOP price of 8017.50 yuan/ton on July 15th, it has increased by 1.14%. This week, the resumption of DOP production has been slow, and the operating rate of the plasticizer DOP industry has increased to 46%. The production of plasticizers has increased, and the price of plasticizers has first fallen and then risen. The production of plasticizers has increased, the demand for phthalic anhydride has grown, and the support of rising phthalic anhydride prices still exists.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies have increased their production and output, leading to an increase in demand for phthalic anhydride; In terms of supply, phthalic anhydride enterprises have extensive experience in equipment maintenance and sufficient supply of phthalic anhydride. In the future, with sufficient supply and increasing demand, it is expected that the price of phthalic anhydride will remain weak and consolidate at a low level.
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