First, the trend of the market:
According to statistics, the price trend of phthalic anhydride remained low, with the price at the end of the weekend at 5833.33 yuan/ton, down 15.66% from the same period last year. The main stream of phthalic anhydride negotiation in Jiangsu is 5700-6000 yuan/ton, and the spot supply in the market is normal. The naphthalene phthalic anhydride plant starts normally, and the current quotation is 5200-5400 yuan/ton. Even though the market price of phthalic anhydride has a short upward trend, it is like a flash in the pan, and the price keeps low all the time. Level.
II. Market analysis:
Products: Recently, the domestic market price of phthalic anhydride has maintained a low level. The market of No. 14 has risen slightly due to the increase of orders from some factories. However, the rising trend of the market price of phthalic anhydride is relatively short. The market opening rate of phthalic anhydride in the field has been maintained at about 70%, the spot supply of phthalic anhydride in the field is sufficient, the downstream factories have just needed to purchase and the factory war Inventory situation is general, high-end transactions are blocked, the mainstream of on-site neighbourhood source negotiation is 5600-6000 yuan/ton, the mainstream of naphthalene source negotiation is 5200-5400 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 5700-5800 yuan/ton, the market price changes little, the quotation trend of enterprises in North China is temporarily stable, downstream construction is not high, and purchasing on demand. Mainly, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride on-site goods generally, phthalic anhydride market prices have maintained a low level, phthalic anhydride market manufacturers have been in a loss stage, the recent loss price of 100-200 yuan/ton, while Nafa phthalic anhydride although there is profit space, but almost at the cost line. Nearby, the profit of phthalic anhydride market is difficult to improve.
Upstream: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6000 yuan/ton, and the actual transaction price is about 6000 yuan/ton. This week, the quotation of o-phthalic anhydride is temporarily stable, and the port supply is general. The price of raw materials mixed xylene in the upstream of phthalic acid remained volatile, the turnover of phthalic acid was normal, the stock of phthalic acid in the port was low, the quotation of phthalic acid external market was temporarily stable, the actual transaction price of imported phthalic acid was discussed in detail, the upstream price trend remained stable, and the price trend of phthalic anhydride market slightly declined.
Downstream: DOP prices have remained low in the recent downstream. The domestic DOP market price was 7266.67 yuan/ton by the end of the weekend. Recently, DOP external quotation has been adjusted concussively. Overall, the price of plasticizer DOP external quotation has remained stable, and the market interest of DOP is limited. The price of DOP in China is 915 US dollars/ton, which is stable compared with last month’s. The price of DOP in Southeast Asia is 1185 US dollars/ton, which is 15 US dollars/ton compared with last week’s. The DOP equipment of plasticizer enterprises has increased, the supply is stable, and DOP transactions are mostly at low prices. The overall price of DOP plasticizer is stable and declining slightly in the future market. Recently, in the DOP market of Zhejiang, the quotation of merchants is about 7350 yuan/ton, the downstream price is slightly lower, the demand for upstream phthalic anhydride is limited, and the market price of phthalic anhydride is slightly lower.
Industry: Recent plasticizer industry market remains at a low level, terminal downstream demand has not changed much, and the market price trend of phthalic anhydride has slightly declined.
3. Future market forecast:
At present, the price trend of phthalic anhydride in the upstream remains volatile, and the terminal demand is still off-season. At the same time, the measures of restricting production in some areas are in progress, combined with the trade war between China and the United States, and other factors, the demand side of the downstream refrigerant industry is difficult to improve. The phthalic anhydride market continues to be in a passive situation. Low volatility will be maintained with prices ranging from 5800 to 5900 yuan/ton.