This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the price of phthalic anhydride in neighboring countries was 7216.67 yuan/ton, a fluctuating decrease of 2.91% compared to the price of 7433.33 yuan/ton on April 7th. The equipment operating load of phthalic anhydride manufacturers is slowly recovering, the supply of phthalic anhydride is increasing, downstream demand is weak, the price of ortho xylene has dropped significantly, the cost of phthalic anhydride has decreased, and the weak supply and demand combined with cost reduction have weakened the support for the rise in phthalic anhydride prices, resulting in a fluctuating decline in phthalic anhydride prices.
Supply side: resumption of work and increased supply
The early maintenance equipment has been gradually restored, and the capacity utilization rate of the domestic phthalic anhydride industry has been improved, as well as the capacity utilization rate of the naphthalene phthalic anhydride industry; The utilization rate of production capacity in the domestic phthalic anhydride industry shows low fluctuations, with little overall change. The overall supply of phthalic anhydride in the market has increased.
Demand side: DOP market is fluctuating and falling
According to the Commodity Market Analysis System of Shengyi Society, as of April 14th, the DOP price was 8159.17 yuan/ton, a fluctuating decrease of 1.56% from the April 7th DOP price of 8288.75 yuan/ton. The buying atmosphere in the plasticizer market remains weak, the inventory in the plasticizer market is stable, DOP devices are mostly in production reduction mode, the demand for phthalic anhydride is decreasing, and the pressure to lower phthalic anhydride prices is increasing.
The price of raw materials has plummeted, and the cost of phthalic anhydride has decreased
In April, the price of ortho benzene was 7100 yuan/ton, a decrease of 200 yuan/ton or 2.74%. The cost of phthalic anhydride has significantly decreased, and the support for the rise of phthalic anhydride has weakened.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of supply, phthalic anhydride manufacturers are slowly resuming production, and the supply of phthalic anhydride is increasing; In terms of demand, the expected operating load of DOP manufacturers has decreased, and the demand for phthalic anhydride has weakened; In terms of cost, the price of ortho xylene has dropped significantly, and the cost of phthalic anhydride has decreased. In the future, with weak supply and demand, coupled with cost reduction, it is expected that the price of phthalic anhydride will fluctuate and fall.