This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of February 21, the price of phthalic anhydride in neighboring countries was 7300 yuan/ton, which was a fluctuating decrease of 0.85% compared to the price of 7362.50 yuan/ton on February 14. The operating load of phthalic anhydride equipment is stable, and the inventory of phthalic anhydride is low; The operating load of plasticizer enterprises has decreased, and the downstream demand for phthalic anhydride has decreased. The price of ortho benzene is temporarily stable, the cost of raw materials has decreased, and the downward pressure on phthalic anhydride prices has increased.

Supply side: Adequate supply of goods

Domestic phthalic anhydride facilities operate stably, with 60% of phthalic anhydride manufacturers operating at full capacity. Phthalic anhydride manufacturers have high inventory levels and sufficient supply.

This week, the cost of raw materials such as benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of February 21st, the price of ortho xylene was 7300 yuan/ton, which is temporarily stable compared to the price of ortho xylene on February 14th last weekend. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is temporarily stable, and the upward momentum of ortho phthalic anhydride is weakened. The price of industrial naphthalene has fallen, the cost of naphthalene phthalic anhydride has decreased, and the overall cost support for phthalic anhydride raw materials has weakened.

Demand side: The DOP market has fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyi Society, as of February 21st, the DOP price was 8513.75 yuan/ton, a fluctuating decrease of 1.16% compared to the DOP price of 8613.75 yuan/ton on February 14th last weekend. The downstream customers have completed the replenishment of inventory, but the downstream production is average. The demand for raw material phthalic anhydride urgently needs to be purchased, and the demand for phthalic anhydride has decreased, increasing the downward pressure on phthalic anhydride.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the price of industrial naphthalene is falling. The cost of phthalic anhydride is decreasing, and the pressure of phthalic anhydride cost decline is increasing; In terms of demand, the operating load of DOP manufacturers has decreased, and coupled with the end of inventory replenishment, the downward pressure on phthalic anhydride demand has increased. In the future, demand will fall, industrial naphthalene prices will decrease, ortho benzene prices will remain stable, and the cost of phthalic anhydride will decrease. It is expected that phthalic anhydride prices will decline in the future.