This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of August 15th, the price of phthalic anhydride in neighboring countries was 6300 yuan/ton, a fluctuating decrease of 3.82% compared to the price of 6550 yuan/ton on August 8th. This week, the prices of neighboring benzene fluctuated and fell, the prices of industrial naphthalene fluctuated and fell, the cost of phthalic anhydride decreased, and the downward pressure on phthalic anhydride increased. The equipment load of phthalic anhydride decreased this week, and the operating rate of phthalic anhydride enterprises slightly decreased by 3%. The supply of phthalic anhydride decreased, and the downstream plasticizer market fluctuated and fell. The equipment operating load of plasticizer enterprises increased, and the demand support for phthalic anhydride increased. Supply has decreased and demand has rebounded, coupled with cost reduction, resulting in a volatile decline in phthalic anhydride prices this week.
The cost of phthalic anhydride has decreased, and the supply is sufficient
As of August 15th, Sinopec’s ortho benzene quotation was 6400 yuan/ton, a fluctuating decrease of 3.03% compared to last weekend’s ortho benzene quotation of 6600 yuan/ton. The price of industrial naphthalene fluctuated and fell, the price of ortho benzene fell, the cost of phthalic anhydride decreased, the pressure of phthalic anhydride decline increased, and the price of phthalic anhydride fell. The price of naphthalene phthalic anhydride was 6100-6200 yuan/ton, and the price of ortho phthalic anhydride was 6200-6400 yuan/ton. In August, the operating load of phthalic anhydride equipment decreased, and the operating rate of phthalic anhydride enterprises dropped to 60%, resulting in a reduction in phthalic anhydride supply.
Demand side: Downstream production decreases, DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of August 15th, the DOP price was 7759.16 yuan/ton, a fluctuating decrease of 0.96% compared to the DOP price of 7834.16 yuan/ton on August 8th. This week, many of the shutdown devices of DOP enterprises have returned to normal, and the operating load of DOP enterprises has remained stable at a high level. This week, DOP starts at a high level, plasticizer production is sufficient, demand for phthalic anhydride is recovering, and the support for phthalic anhydride price increases is increasing.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies are operating steadily at a high level, plasticizer production is increasing, and demand for phthalic anhydride is recovering; On the supply side, the equipment operating load of phthalic anhydride enterprises has decreased, resulting in a reduction in phthalic anhydride supply. In terms of cost, the price of ortho benzene has decreased, and the cost of phthalic anhydride has decreased. In the future, as the supply of phthalic anhydride decreases and demand recovers, coupled with a decrease in costs, it is expected that the price of phthalic anhydride will fluctuate and fall in the future.