China’s domestic phthalic anhydride market price slightly declined on September 29

On September 28, the phthalic anhydride commodity index was 69.59, unchanged from yesterday, down 42.07% from the peak of 120.13 points in the cycle (2012-02-28), and up 43.72% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

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Recently, the domestic market price of phthalic anhydride has declined, the market price of phthalic anhydride in eastern China has declined, downstream factories have just needed to purchase, factory inventory pressure has increased, high-end transactions have been blocked, recent factory inventory has increased, phthalic anhydride market price trend is small. In East China, the mainstream of neighbouring-law supply negotiations is 7000-7200 yuan/ton, naphthalene-law supply negotiations is 6500-6700 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6900-7100 yuan/ton. Most of the manufacturers’prices in the field are back-adjusted, downstream construction is not high, purchasing on demand is the mainstream, wait-and-see mentality is strong, domestic phthalic anhydride plant runs steadily, and the field is stable. The ample supply of phthalic anhydride in stock, together with the near National Day holidays, the transportation of dangerous chemicals is restricted, and some downstream holidays start, the demand for phthalic anhydride has decreased, and the price trend of phthalic anhydride has slightly declined.

Recently, the price of domestic phthalic anhydride upstream product Sinopec o-phthalic anhydride is 6,900 yuan/ton. Because of the overhaul of domestic phthalic anhydride manufacturers, the supply of goods in the field is tight, the price of o-phthalic anhydride keeps high, the import market of o-phthalic anhydride in the port area is stable, the recent market of o-phthalic anhydride in the port is good, the Negotiations are based on the recent increase in in in-site maintenance facilities for phthalic anhydride in China. The supply of in-site phthalic anhydride is very tight. Supported by the price of upstream raw material phthalic anhydride, the price trend of phthalic anhydride market is limited. Downstream DOP prices remained volatile, isooctanol prices remained stable, and DOP costs did not change much. DOP price is stable, DOP downstream demand is normal, customer purchasing enthusiasm is general, downstream PVC market volatility declines, DOP high-end transaction is blocked, DOP market mainstream transaction price 8000-8200 yuan/ton, downstream price trend is volatile, the market price of phthalic anhydride is expected to fall slightly later.

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