The phthalic anhydride market fluctuated and fell in November

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the price of phthalic anhydride in neighboring countries was 6950 yuan/ton, a fluctuating decrease of 0.89% compared to the price of 7012.50 yuan/ton on November 1st. The production of phthalic anhydride equipment is stable at a high level, and the supply of phthalic anhydride is sufficient, resulting in significant downward pressure on phthalic anhydride prices; The price of ortho benzene has fallen, the cost of ortho phthalic anhydride has decreased, the price of industrial naphthalene has fluctuated and fallen, and the cost support of naphthalene phthalic anhydride has weakened. The oversupply has led to a decrease in costs, and the overall price of phthalic anhydride has fluctuated and fallen.

Supply side: Adequate supply of goods

In November, the operating load of domestic phthalic anhydride plants increased, and about 70% of phthalic anhydride manufacturers started production. The supply of phthalic anhydride from manufacturers remained stable, and the supply of phthalic anhydride was sufficient.

The cost of raw material ortho benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the price of ortho benzene was 6900 yuan/ton, which was temporarily stable compared to the price of ortho benzene on November 1st at 6900 yuan/ton, but decreased by 200 yuan/ton or 2.82% compared to the price of ortho benzene on October 1st at 7100 yuan/ton. In November, the price of ortho phthalic anhydride stabilized, and the cost of ortho phthalic anhydride temporarily stabilized, reducing the downward pressure on ortho phthalic anhydride.

Demand side: The DOP market has fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the DOP price was 9238.75 yuan/ton, a fluctuating increase of 1.51% compared to the DOP price of 9101.25 yuan/ton on November 1st. The demand for plasticizer DOP has increased, and the price of plasticizer DOP has fluctuated and risen. The operating rate of downstream plasticizer enterprises has increased, and the demand for phthalic anhydride from plasticizer manufacturers has risen. The support for phthalic anhydride demand still exists, and the downward pressure on phthalic anhydride has weakened.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the cost of phthalic anhydride is stabilizing; In terms of demand, DOP manufacturers have high operating loads, and downstream support for phthalic anhydride still exists. Overall, costs are temporarily stable, demand is stable, and it is expected that the market for phthalic anhydride will fluctuate and stabilize in the future.