After the holiday, the phthalic anhydride market fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of October 11th, the price of phthalic anhydride in neighboring countries was 6216.67 yuan/ton, which fluctuated and fell by 1.22% compared to the price of phthalic anhydride at 6293.33 yuan/ton on October 1st. After the holiday, the price of ortho benzene fell, the price of industrial naphthalene fluctuated and fell, the cost support of phthalic anhydride decreased, and the equipment load of phthalic anhydride slightly decreased after the holiday in September. The operating rate of phthalic anhydride enterprises decreased, and the supply of phthalic anhydride was sufficient. The downstream plasticizer market fluctuated and fell, and the equipment operating load of plasticizer enterprises decreased. The demand support for phthalic anhydride weakened. Due to the decrease in costs and weakened demand support, the price of phthalic anhydride fluctuated and fell after the holiday.
After the holiday, the cost of phthalic anhydride decreased
On October 11th, Sinopec quoted 6300 yuan/ton for ortho benzene, a decrease of 100 yuan/ton or 1.56% from the price of 6400 yuan/ton on October 1st. The price of industrial naphthalene has fluctuated and fallen, the price of ortho benzene has fallen, and the cost of phthalic anhydride has decreased. After the holiday, the operating load of phthalic anhydride equipment slightly decreased, the operating rate of phthalic anhydride enterprises decreased, and the supply of phthalic anhydride remained temporarily stable.
Demand side: Downstream production decreases, DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of October 11th, the DOP price was 7309.16 yuan/ton, a fluctuating decrease of 0.79% compared to the DOP price of 7367.50 yuan/ton on October 1st. After the holiday, DOP prices fluctuated and fell, with less than 60% of DOP enterprises operating at full capacity, resulting in a slight decrease in operating rates. Demand for phthalic anhydride was weak, and the support for phthalic anhydride demand decreased, leading to increased downward pressure on phthalic anhydride.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the load of plasticizer enterprises has decreased, the production of plasticizers has decreased, and the support for phthalic anhydride demand has decreased; In terms of cost, the price of ortho xylene has fallen, the price of industrial naphthalene has fluctuated and fallen, and the cost of phthalic anhydride has decreased. In the future, the cost of phthalic anhydride will decrease, coupled with a decrease in demand support, and it is expected that the price of phthalic anhydride will fluctuate and fall.
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