According to the commodity market analysis system of Shengyishe, the domestic market price trend of ortho phthalic anhydride increased in early April. As of the 11th, the quoted price of ortho phthalic anhydride was 7725 yuan/ton, an increase of 1.81% from the price of 7587.5 yuan/ton on the 1st, and a year-on-year decrease of 10.17%.

Supply side: The device operates stably and the supply of goods is normal

The operation of domestic phthalic anhydride plants is stable, with a recent operating rate of around 60%. The spot supply of phthalic anhydride is normal, and the sales situation of phthalic anhydride manufacturers is average. Recently, the price of industrial naphthalene has risen, and the market for naphthalene based phthalic anhydride has risen, which has affected the price of ortho phthalic anhydride.

Cost side: Rising prices of ortho benzene, strong cost support

In the first ten days, the domestic price trend of ortho benzene increased. As of the 11th, the price of ortho benzene was 8300 yuan/ton, an increase of 2.47% compared to the 1st price of 8100 yuan/ton. The supply of ortho benzene is normal, and the operation of on-site equipment is stable. In the short term, the crude oil price trend is rising, and the price of mixed xylene is rising. The rise of ortho benzene market provides strong cost support for the phthalic anhydride market, and the price trend of the phthalic anhydride market is rising.

On the demand side, the trend of on-demand procurement in the DOP market is declining

In early April, the downstream DOP market price trend declined, with a price of 9750 yuan/ton as of the 11th, a decrease of 1.42% from the price of 9890 yuan/ton on the 1st. Domestic DOP enterprises started operating generally, and domestic DOP supply was sufficient. However, plasticizer enterprises still suffered losses in profits, and downstream demand was poor. The mainstream DOP price range was 9700-9800 yuan/ton. The downstream DOP price trend declined, and the purchase of phthalic anhydride was poor, limiting the price increase in the domestic phthalic anhydride market.

Technical aspect: The price line of Shengyishe crosses the 7-day and 30-day moving averages upwards, indicating that the price of phthalic anhydride has entered an upward channel. From the price line of the past six months, it can be seen that the price of phthalic anhydride is at a low level in the past six months.

Looking at the future market, the recent trend of crude oil prices has been mainly upward, while the price of ortho xylene has been rising, and the downstream DOP market is mainly fluctuating and decreasing. In addition, the price of phthalic anhydride is at a low level, and phthalic anhydride manufacturers have reported serious losses. It is expected that the market price of ortho xylene phthalic anhydride will slightly increase in the future.