According to the commodity market analysis system of Business Society, the domestic market price trend of ortho phthalic anhydride has remained stable this week. As of the weekend, the quoted price of ortho phthalic anhydride was 7587.5 yuan/ton, which is the same as the price of 7587.5 yuan/ton at the beginning of the week, a year-on-year decrease of 12.91%.

Supply side: The device operates stably and the supply of goods is normal

The operation of domestic phthalic anhydride plants is stable, with a recent operating rate of around 60%. The spot supply of phthalic anhydride is normal, and the sales situation of phthalic anhydride manufacturers is average. However, the recent increase in maintenance of naphthalene phthalic anhydride plants has led to an increase in the price trend of naphthalene phthalic anhydride, which has temporarily stabilized the price trend of ortho phthalic anhydride.

Cost side: Stable price of ortho benzene with acceptable cost support

Recently, the price trend of ortho benzene in China has remained stable. As of the weekend, the price of ortho benzene was 8100 yuan/ton, which is unchanged from the beginning of the week. The supply of ortho benzene is normal, and the operation of on-site facilities is stable. In the short term, the trend of crude oil prices has declined, and the price of mixed xylene has remained stable. The temporary stability of ortho benzene prices provides certain cost support to the phthalic anhydride market, and the price trend of phthalic anhydride market is temporarily stable.

Demand side: DOP market’s on-demand procurement market is declining

The price trend of downstream DOP market has declined this week, with a price of 10910 yuan/ton as of the weekend, a decrease of 4.72% from the price of 11450 yuan/ton at the beginning of the week. Domestic DOP enterprises are generally operating, and domestic DOP supply is normal. However, plasticizer enterprises are still operating at a loss, and downstream demand is average. The mainstream price of DOP is 11600-11700 yuan/ton. The downstream DOP price trend has declined, and the purchase of phthalic anhydride is not good. The domestic market price of phthalic anhydride is strong.

Looking at the future market, the recent trend of crude oil prices has increased, while the price of ortho xylene has remained stable. The downstream DOP market has declined, but the supply of naphthalene phthalic anhydride has decreased recently, which has a certain supporting effect on ortho phthalic anhydride. It is expected that the market price of ortho phthalic anhydride will mainly fluctuate in the later period.