Benzene anhydride market stopped falling and rising
According to the company’s commodity market analysis system, as of January 5, the price of phenylene anhydride was 6,000 yuan / ton, up 8.43% from the price of phenylene anhydride of 5533.33 yuan / ton on December 22. Beginning in late December, the price of phenylene anhydride stopped falling, the price of raw materials phthalate rose sharply, the cost rose, the starting rate of phenylene anhydride enterprises fell, the supply of phenylene anhydride tightened; the downstream DOP enterprises began to decrease slightly, the demand for phenylene anhydride was weakened.
Benzene anhydride costs rise supply tightening
On January 5, China Petrochemical phthalate quote of 6100 yuan / ton, compared to December 20 phthalate price of 5700 yuan / ton increased by 400 yuan / ton, an increase of 7.02%. Phthalate prices rose, phenylene anhydride cost rose. After New Year’s Day, the starting load of phenylene anhydride equipment fell to 65%, the start of construction fell, the production of phenylene anhydride decreased, the supply of phenylene anhydride tightened. Supply tightened plus the cost rose, the increase in the momentum of phenylene anhydride.
Demand side: DOP prices stopped falling
According to the company’s commodity market analysis system, as of January 5, the DOP price of 7367.50 yuan / ton, compared to the December 20 DOP price of 7159.16 yuan / ton, an increase of 2.91%. The plasticizer DOP enterprise startup load dropped slightly to 5.5%, DOP production decreased, phenylene anhydride demand support weakened, phenylene anhydride downward pressure was greater.
Aftermarket Forecast
Business company phenylene anhydride product data analysts believe that in terms of demand, plasticizer enterprises DOP equipment load decreased, plasticizer production decreased, phenylene anhydride demand support weakened; in terms of cost, neighboring diphthalene prices rose, raw material prices rose, phenylene anhydride costs rose. For the future market, phenylene anhydride costs rose, phenylene anhydride supply tightening demand weakened, phenylene anhydride prices are expected to rise strongly in the future market.