Market price of phthalic anhydride keeps falling

According to the monitoring of the business community, the price of phthalic anhydride in the domestic market continued to decline recently. As of the 19th, the quotation of phthalic anhydride was 6525 yuan / ton, 17.67% lower than the price of 7925 yuan / ton at the beginning of the month, and 26.70% higher than the same period last year. The price trend of phthalic anhydride continued to fall in the near future, the spot supply was normal, and the market of phthalic anhydride continued to fall.

 

In recent years, the market price of phthalic anhydride continued to decline. The market price of phthalic anhydride was in general condition. The downstream demand was reduced in the near future. The price trend of o-benzene was down. The plasticizer market was down. The market price of phthalic anhydride continued to decline due to the combination of bad factors. Domestic phthalic anhydride manufacturers started at a low level, and the operating rate of phthalic anhydride on the site was about 60%. The domestic phthalic anhydride spot supply was sufficient, and the price of phthalic anhydride on the site was lower. The downstream plasticizer industry market declined, and the actual transaction situation was general. The price trend of phthalic anhydride market in East China is declining, with limited high-end transactions in the market. The mainstream of neighboring France source negotiation in East China is 6500-6600 yuan / ton, and naphthalene method source negotiation is 6300-6500 yuan / ton. The mainstream quotation of phthalic anhydride market in North China is 6500-6700 yuan / ton. The market outlook of phthalic anhydride still exists, and the downstream procurement is poor. The recent downward trend of downstream DOP market is affected by this Prices continued to fall.

 

Since March, the price trend of domestic o-benzene has dropped sharply, and the market price has dropped to 6200 yuan / ton, with a decrease of 4.62%. The decline of domestic o-benzene price is a big bad news for the phthalic anhydride market. In addition, the market of imported o-benzene in port area has declined, the external quotation of o-benzene has fluctuated, and the import of o-benzene in port area has increased. Recently, the inventory of o-benzene in port has increased, and the external quotation of o-benzene has fluctuated and adjusted The actual transaction price is subject to negotiation. The price trend of o-benzene is declining. The price of raw material o-benzene is lower, which is bad for the domestic market price of phthalic anhydride. Recently, the market price of phthalic anhydride has dropped sharply.

 

The market price of the downstream DOP of phthalic anhydride declined slightly. According to the monitoring of the business community, the domestic DOP price was 12250 yuan / ton as of the 19th, with a price drop of 11.23% in March. The low starting point of the equipment of DOP enterprises in the yard was temporarily stable. With the sharp drop of the price of isooctanol, the cost of DOP decreased, the gap of DOP decline increased, and the DOP price plummeted. With the increase of the operating rate of DOP enterprises, the pressure of supply and demand is alleviated, the demand support is weakened, the rising power of DOP in the future is weakened, and the downward pressure is increased. In the future, the cost of DOP decreased, the operating rate of enterprises increased, the support of DOP rise weakened, and the high price caused the cost pressure of downstream products. The downstream customers were more resistant to high price DOP. The overall DOP price was about 12000-12600 yuan / ton, the domestic demand for phthalic anhydride did not improve, and the market price of phthalic anhydride dropped significantly.

 

On the whole, the recent trend of crude oil price has declined. In addition, the downward pressure of downstream plasticizer industry market has increased, the DOP price has been declining, and the price of o-benzene has a downward trend. It is expected that the market price of phthalic anhydride will continue to decline slightly in the future.

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