According to the Commodity Market Analysis System of Business Society, the domestic market price trend of ortho phthalic anhydride in October declined. As of the end of the month, the quoted price of ortho phthalic anhydride was 8012.5 yuan/ton, a decrease of 8.03% compared to the initial price of 8712.5 yuan/ton, and a year-on-year decrease of 19.67%.

Supply side: Stable operation of the device and sufficient supply of goods

The operation of domestic phthalic anhydride plants is stable. Currently, the operating rate of phthalic anhydride in China remains at over 60%, and the supply of phthalic anhydride goods is relatively sufficient. In addition, the production of naphthalene phthalic anhydride goods is normal, and the price of naphthalene phthalic anhydride has dropped, which has correspondingly impacted the neighboring phthalic anhydride market. In October, downstream procurement was not active, and some phthalic anhydride factories continuously lowered their factory prices, causing a significant decline in the phthalic anhydride market.

Cost side: Significant decline in ortho benzene, insufficient cost support

In October, the domestic price trend of ortho benzene continued to decline. As of the end of the month, the ortho benzene price was 8200 yuan/ton, a decrease of 10.87% compared to the beginning of the month price of 8200 yuan/ton. The ortho benzene supply was normal, and the operation of on-site devices was stable. In October, the crude oil price trend declined, and the mixed xylene price correspondingly decreased, resulting in a decrease in raw material prices. As a result, the domestic ortho benzene price trend significantly declined, and the decline in ortho benzene market brought a negative impact on the phthalic anhydride market, The market price trend of phthalic anhydride has declined.

Demand side: DOP market mainly focuses on on-demand procurement

In October, the downstream DOP market price slightly decreased, with a price of 11333.33 yuan/ton as of the end of the month, a decrease of 2.16% compared to the price of 11583.33 yuan/ton at the beginning of the week. Domestic DOP enterprises have maintained their operations, and domestic DOP supply is normal. However, plasticizer enterprises have lost profits, plasticizer manufacturers are operating at low loads, and plasticizer supply is still tight. Downstream demand is weak, and the mainstream price of DOP has dropped to 11200-11400 yuan/ton. The plasticizer market is not good, which is unfavorable for the phthalic anhydride market, The market price of phthalic anhydride has declined.

Looking at the future market, it is expected that the crude oil price range has fluctuated recently, and the price trend of ortho xylene has declined. In addition, the downstream plasticizer market is not good, and the purchasing enthusiasm of the plasticizer industry is not high. As a result, it is expected that the market price of ortho phthalic anhydride will decrease slightly.