According to statistics, the domestic market price of phthalic anhydride has been slightly lower recently. Since mid-July, the market price of phthalic anhydride has dropped from 6000 yuan/ton to 5850 yuan/ton. The overall decline is 2.50%. The market demand for phthalic anhydride has not improved and the market price has slightly declined. The mainstream of domestic phthalic anhydride supply negotiation is 5700-5900 yuan/ton, and naphthalene phthalic anhydride supply negotiation is 5300-5400 yuan/ton.

There are several reasons for the recent decline in the market price of phthalic anhydride. Firstly, in the near future, the starting rate of domestic phthalic anhydride market is about 70%, the overall domestic supply is sufficient, and the manufacturers are not in good condition. At present, it is in the off-season of the industry, and the demand downstream is poor, which brings a big gap to the phthalic anhydride market and a lower price of phthalic anhydride. Secondly, the upstream raw material market is not well supported. The actual domestic turnover price of o-phenyl is about 5900 yuan/ton. The quotation maintains a low level and the port supply is general. The price of raw materials mixed xylene in the upstream of phenyl fluctuates, the turnover of raw materials mixed xylene is general, the stock of phenyl in the port is low, the actual transaction price of imported phenyl is discussed in detail, the upstream price trend is fluctuant, the upstream raw materials are good enough to support, and the price of phthalic anhydride is low. Third: Downstream DOP products prices continue to fall, DOP downstream demand is not good, customer procurement enthusiasm is general, downstream PVC market volatility fell, DOP market mainstream transaction price of about 7400 yuan/ton, DOP downward pressure still exists, the overall DOP market is negative, DOP market volatility fell in the future mainly. The domestic market price of phthalic anhydride is affected by the negative factors of upstream and downstream. The downstream manufacturers mainly purchase on demand. The situation of phthalic anhydride on the market with a strong wait-and-see mentality is general. Some manufacturers have lowered their quotations and the price trend of phthalic anhydride has slightly declined.

The price trend of domestic DOP market is consistent with that of phthalic anhydride market. Recent demand of plasticizer industry is poor. The demand for upstream raw materials is very limited. The starting rate of phthalic anhydride and DOP is high, which leads to sufficient domestic spot supply, and the market price of phthalic anhydride and DOP is declining.

Chen Ling, an analyst of phthalic anhydride in business associations, believes that the price trend of phthalic anhydride in the upstream has remained low and the DOP market in the downstream has been declining. In addition, plasticizers are in the off-season and demand has not improved. In the short term, the price trend of phthalic anhydride market is expected to be slightly lower, ranging from 5600 to 5700 yuan/ton.

On July 22, the phthalic anhydride commodity index was 57.75, unchanged from yesterday, down 51.93% from the cyclical peak of 120.13 points (2012-02-28), and up 19.27% 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 trend of phthalic anhydride has been temporarily stable, the market price of phthalic anhydride in eastern China has shocked, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiation is 5900-6000 yuan/ton, and the mainstream of naphthalene source negotiation is 5400-5500 yuan/ton; the mainstream of phthalic anhydride market in North China is mainstream. Quoted at 5900-6000 yuan/ton, the market price remained volatile, the quoted price of enterprises was not high downstream, purchasing on demand was the main, wait-and-see mentality was strong, the domestic phthalic anhydride plant was stable, the spot supply of phthalic anhydride was normal, and the price trend of phthalic anhydride was volatile.

Recently, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import price of o-phthalic anhydride in the port area has risen, and the quotation has risen. Recently, the market of o-phthalic anhydride in the port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is higher, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend shocks, phthalic anhydride market price slightly declines. Downstream DOP raw material phthalic anhydride price shocks, isooctanol prices fell, DOP costs fell. DOP price trend is temporarily stable, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market volatility is stable, DOP market mainstream transaction price is about 7400 yuan/ton, downstream price trend is temporarily stable, and phthalic anhydride market price is expected to remain volatile in the later period.

Price Trend

The acetone market as a whole went ahead this week, with a high trading atmosphere and an increase in real trading. According to the monitoring of commodity data of business associations, this week petrochemical companies listed 3450 yuan/ton, up 200 yuan/ton on No. 18, the overall line was 2.07%.

II. Analytical Review

Products: On July 18, the petrochemical enterprises raised 200 yuan per ton and implemented 3450 yuan per ton. The focus of discussion on acetone market in East China has softened. Although petrochemical enterprises raised the unit price of acetone by 200 yuan/ton yesterday, the mood of terminal factory’s replenishment is not high. Holders have a strong mood for replenishment, but under the circumstance of insufficient follow-up, there are some low shippers, and the delivery atmosphere is slightly light. At present, the main negotiation range of East China market is 3400-3450 yuan/ton. Negotiations in the border market are around 3450 yuan/ton, and in the mainstream of South China market are between 3550 and 3600 yuan/ton.

Industry chain: In early July, pure benzene rose rapidly, and the price of external market rose sharply, especially in the United States. Due to heavy rainfall and flooding, the production load of local factories is limited, the main insurance contract and the reduction of spot release in the United States lead to the reduction of supply. In July, propylene market prices soared like the temperature of this season. By mid-July, the mainstream transaction of propylene price in Shandong Province had risen to 7950-8050 yuan/ton. Continuous tight supply was still the main driving force to support the rise of propylene price. In addition, some long-term supply was still not fully restored and some refining units were repaired. Secondly, polypropylene futures continued to break new highs, and propylene prices reached new highs. Downstream terminals are just in need of purchasing.

3. Future Market Forecast

The mentality of acetone holders has been strongly supported, but the mood of terminal factory replenishment is not high. Although the holders have a strong sentiment, but the actual follow-up is insufficient, the business association predicts that the main negotiation range in East China market is 3400-3450 yuan/ton.

On July 18, 2019, the price of fluorine chemical industry rose and fell in the list of 10 commodities, fell in a total of 1 commodity, rose and fell to 0 in a total of 4 commodities. The declining products were trichloromethane (3.28%) and stable products included hydrofluoric acid, fluorite, aluminium fluoride and cryolite.

On July 18, the market price trend of fluorine chemical raw materials was temporarily stable. The price of fluorite raw materials was 3150 yuan/ton. Recently, some domestic fluorite plants started to work normally. Mines and flotation plants in the field started to work normally. The supply of fluorite in the field was tight. However, the recent downstream market has risen, and the price of fluorite has been affected to rise. In the southern fluorite market, the start-up of installations is general, and the price of fluorite market in the southern region has risen. As of the 18th, the domestic price of fluorite in Inner Mongolia was 2900-3100 yuan/ton, the mainstream of fluorite negotiations in Fujian was 3000-3300 yuan/ton, the price of fluorite in Henan was 3000-3300 yuan/ton, and the price of fluorite in Jiangxi was 3000-3300 yuan/ton.

Recent downstream refrigerant industry trend is general, the starting rate remains low, the demand for hydrofluoric acid is general, but due to the reduction of on-site supply, the market price of hydrofluoric acid is rising. As of 18 days, the market price of hydrofluoric acid is 12080 yuan/ton. Recently, the market price of hydrofluoric acid is rising, and the domestic starting rate of hydrofluoric acid is less than 60%. More, enterprises reflect that the supply of hydrofluoric acid on the spot is adequate and regular. Recently, the market of hydrofluoric acid on the spot has improved. Some enterprises’ex-factory prices have risen slightly. Until now, the mainstream of hydrofluoric acid negotiations in the southern region is about 11500-12500 yuan/ton, while the price of hydrofluoric acid in the northern market is about 11500-12500 yuan/ton. However, people in the field reflect the near future. Hydrofluoric acid market price trend is stable, Business Analyst Chen Ling believes that the market for hydrofluoric acid may be temporarily stable.

The price trend of aluminium fluoride products is temporarily stable, the supply on the market is normal, and the trading market is general. The quotation of aluminium fluoride from Zhengzhou Tianrui Grain Technology Co., Ltd. is 11,000 yuan/ton. The quotation of aluminium fluoride from Shandong Luzeng Chemical Co., Ltd. is 10,800 yuan/ton. The quotation of aluminium fluoride from Zhengzhou Zerun Energy Chemical Co., Ltd. is 9,800 yuan/ton. The quotation of aluminium fluoride Aluminum fluoride quoted 9500 yuan/ton.

Recently, the price of trichloromethane has been slightly lower in Shandong. The ex-factory price of trichloromethane enterprises is around 2,950 yuan/ton. The start-up rate of production is low. The 440,000 tons/year plant in Jinling, Shandong Province has started normal operation, the 120,000 tons/year plant in Jinmao, Dongying City has been overhauled, and the 220,000 tons/year plant in Luxi Chemical Industry has started 60% of the total. The domestic production enterprises of trichloromethane supply positive results. Often, inventory is low.

In recent years, the price trend of domestic cryolite is temporarily stable, the operation of on-site equipment is stable and the supply is normal. The domestic negotiation price is about 6500-7000 yuan/ton. The actual transaction price is mainly negotiation. Generally speaking, the recent market of fluorine chemical industry is general, and it is expected that the trend of fluorine chemical industry will remain turbulent in the later period.

On July 17, the phthalic anhydride commodity index was 58.07, unchanged from yesterday, down 51.66% from the peak of 120.13 points in the cycle (2012-02-28), and up 19.93% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride has been temporarily stable, the market price of phthalic anhydride in eastern China has shocked, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbouring source negotiation is 5900-6100 yuan/ton, and the mainstream of naphthalene source negotiation is 5400-5500 yuan/ton; the mainstream of phthalic anhydride market in North China is mainstream. Quoted at 5900-6000 yuan/ton, the market price remained volatile, the quoted price of enterprises was not high downstream, purchasing on demand was the main, wait-and-see mentality was strong, the domestic phthalic anhydride plant was stable, the spot supply of phthalic anhydride was normal, and the price trend of phthalic anhydride was volatile.

Recently, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import price of o-phthalic anhydride in the port area has risen, and the quotation has risen. Recently, the market of o-phthalic anhydride in the port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is higher, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend shocks, phthalic anhydride market price slightly declines. Downstream DOP raw material phthalic anhydride price shocks, isooctanol prices fell, DOP costs fell. DOP price trend is temporarily stable, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market volatility is stable, DOP market mainstream transaction price is about 7650 yuan/ton, downstream price trend is temporarily stable, and phthalic anhydride market price is expected to remain volatile in the later period.