The phthalic anhydride market is weak and stabilizing in September
According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the price of phthalic anhydride was 6293.33 yuan/ton, a slight decrease of 0.11% from the price of 6300 yuan/ton on September 1st. In September, the price of ortho benzene rose, and the price of industrial naphthalene fluctuated and stabilized. The cost support of phthalic anhydride still exists. The equipment load of phthalic anhydride slowly increased in September, and the operating rate of phthalic anhydride enterprises increased. The supply of phthalic anhydride increased, and the downstream plasticizer market fluctuated and fell. The equipment operating load of plasticizer enterprises slightly increased, and the demand support for phthalic anhydride was limited. Due to limited demand support from rising costs, the price of phthalic anhydride remained weak and stabilized in September.
The cost of phthalic anhydride is temporarily stable
On September 30th, Sinopec quoted 6400 yuan/ton for ortho benzene, an increase of 1.59% compared to the price of 6300 yuan/ton on September 1st. The price of industrial naphthalene is fluctuating and stabilizing, the price of ortho benzene is rising, and the cost of phthalic anhydride is increasing. In September, the operating load of phthalic anhydride equipment slightly increased, the operating rate of phthalic anhydride enterprises increased, and the supply of phthalic anhydride increased.
Demand side: Downstream production consolidation, DOP price fluctuation and decline
According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the DOP price was 7367.50 yuan/ton, a fluctuating decrease of 2.92% compared to the DOP price of 7589.17 yuan/ton on September 1st. In September, DOP prices fluctuated and fell, leading to a consolidation of operating loads for DOP enterprises and a slight decrease in operating rates. Demand for phthalic anhydride remained weak, and there was insufficient support for the increase in demand for phthalic anhydride.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies have seen a high-level consolidation of load, a slight increase in operating rates, an increase in plasticizer production, and insufficient support for phthalic anhydride demand. In terms of cost, the price of ortho xylene has risen, the price of industrial naphthalene has fluctuated and stabilized, and the cost of phthalic anhydride has increased. In the future, the cost support of phthalic anhydride still exists, and with the increase in supply and insufficient demand support, it is expected that the price of phthalic anhydride will stabilize weakly.