This week, the phthalic anhydride market fluctuated and rose

According to the Commodity Market Analysis System of Shengyi Society, as of January 20th, the price of phthalic anhydride in neighboring countries was 7312.50 yuan/ton, which fluctuated and increased by 6.17% compared to the price of phthalic anhydride on January 12th last weekend, which was 6887.50 yuan/ton. The production of phthalic anhydride equipment is stable at a low level, and the inventory of phthalic anhydride is low; The Spring Festival stocking has ended, and the downstream demand for phthalic anhydride has decreased. The price of ortho benzene is strong and temporarily stable, the cost of raw materials is stabilizing, and the driving force for the price increase of phthalic anhydride still exists.

Supply side: tight supply of goods

Domestic phthalic anhydride plants operate at low loads, with approximately 60% of phthalic anhydride manufacturers operating at capacity. Phthalic anhydride manufacturers have low inventory levels, resulting in tight supply of phthalic anhydride.

The cost of raw materials such as benzene has increased this week

According to the Commodity Market Analysis System of Shengyi Society, as of January 20th, the price of ortho xylene was 7200 yuan/ton, a significant increase of 7.78% compared to the price of ortho xylene on January 12th last week, which was 6680 yuan/ton. The price of ortho benzene has fluctuated and risen, and the cost of ortho phthalic anhydride has increased. The upward momentum of ortho phthalic anhydride has increased. Industrial naphthalene prices are consolidating strongly, and the cost of naphthalene phthalic anhydride is rising. The overall cost support for phthalic anhydride raw materials still exists.

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

According to the Commodity Market Analysis System of Shengyi Society, as of January 20th, the DOP price was 8613.75 yuan/ton, a fluctuating increase of 2.53% compared to the DOP price of 8401.25 yuan/ton on January 13th. The demand for raw material phthalic anhydride is in urgent need of procurement, and the replenishment of plasticizers by manufacturers during the Spring Festival has ended. The support for phthalic anhydride demand still exists.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has fluctuated and risen, while the price of industrial naphthalene has remained strong and consolidated. The cost of phthalic anhydride has risen, and there is a strong driving force for the increase in phthalic anhydride costs; In terms of demand, DOP manufacturers have high operating loads, and with the end of Spring Festival stocking, the support for phthalic anhydride demand has weakened. Overall, cost support still exists, downstream demand has weakened, and the future phthalic anhydride market has slightly fallen from its high level.