First, the trend of the market
According to statistics, the price of phthalic anhydride declined slightly this week. The price of phthalic anhydride this weekend was 6750 yuan.ton, down 1.22% from 6833.33 yuan/ton at the beginning of the week and 7.81% from the same period last year. In Shandong province, phthalic anhydride is 6 600-6 800 yuan per ton, while in Jiangsu province, the main stream of phthalic anhydride negotiations is 6 800 yuan per ton. There is sufficient spot supply in the market. The naphthalene phthalic anhydride plant starts normally and is currently quoted at about 6 400 yuan per ton.
2. Market analysis:
Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined, the market opening rate of phthalic anhydride is about 70%, the market of phthalic anhydride in eastern China is weak, downstream factories are in need of purchasing, the inventory pressure of factories is persistent, high-end transactions are blocked, the mainstream of on-site neighbourhood source negotiation is 6600-6800 yuan/ton, and the mainstream of naphthalene source negotiation is 6400-6500 yuan/ton. The main market quotation is 6600-6800 yuan/ton. The market is weak and shocky. The quotation trend of enterprises is temporarily stable. The downstream construction is not high. The purchase is on demand. The wait-and-see mentality is strong. The domestic phthalic anhydride plant runs steadily, the spot supply of phthalic anhydride is sufficient, the market is not good, and the price of phthalic anhydride declines slightly.
Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. The price fluctuation of raw materials mixed xylene in the upstream of phthalic acid is stable, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid external market is rising, the cost of imported phthalic acid is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride is slightly lower. DOP prices downstream slightly declined. Recently, in Zhejiang DOP market, merchants’quotations maintained at 8000-8100 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the price trend of phthalic anhydride market slightly declined.
Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend is declining.
3. Future market forecast:
In recent years, the price trend of phthalic anhydride in the upstream has not changed much. DOP prices in the downstream have declined. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may oscillate at a low level, with a price of about 6700 yuan/ton.