According to the monitoring of the business association, the price of phthalic anhydride in the domestic market rose in June. As of the 28th day, the price of phthalic anhydride by ortho phthalic method was 5212.5 yuan / ton, 4.51% higher than the price of 4987.5 yuan / ton at the beginning of the month, 8.55% lower than the same period last year. In June, the price of phthalic anhydride rose, and the market price of phthalic anhydride rose accordingly.
In June, the price of domestic phthalic anhydride market went up, and the delivery of phthalic anhydride market was normal. The high price of crude oil boosted domestic petrochemical products, the price of ortho benzene was affected higher, and the price of phthalic anhydride market was affected by the support of raw materials. The operation of domestic phthalic anhydride manufacturers is normal, the operation rate of phthalic anhydride in the field is about 60%, the spot supply of domestic phthalic anhydride is normal, the downstream plasticizer industry mainly purchases on demand, the on-site merchants are bullish, and the on-site trading market is general. The market price of phthalic anhydride and phthalic anhydride in East China is higher, and the high-end transactions in the market are limited. The main flow of the negotiation of neighboring method sources in East China is 5100-5300 yuan / ton, and that of naphthalene method is 4800-5000 yuan / ton. The main flow of the quotation of phthalic anhydride market in North China is 5100-5300 yuan / ton, and the observable state of phthalic anhydride in the market still exists. The market price of phthalic anhydride is rising, and the market price of phthalic anhydride is rising.
In June, the price of domestic phthalic acid rose sharply. By the end of the month, the price of phthalic acid was 4460 yuan / ton, 6.19% higher than the price of 4200 yuan / ton at the beginning of the month. The increase of domestic phthalic acid price is the most favorable support for phthalic acid Market. In addition, the import phthalic acid Market in port area has warmed up, and the external price of phthalic acid has increased. The actual transaction price is subject to negotiation, and the details are discussed. In addition, the phthalic acid merchants on the site are very bullish, The price of phthalic anhydride increases with the increase of o-benzene price.
In June, the market price of DOP downstream of phthalic anhydride rose. According to the monitoring of the business agency, the price of DOP in June rose by 5.49%. The market performance of DOP was strong. By the end of the month, the price of DOP in East China was 7366.67 yuan / ton, 5.49% higher than that of DOP at the beginning of the month, 6983.33 yuan / ton higher than that of isooctanol, and the market price of DOP was higher. The market of plasticizer industry has recovered, and the price of DOP market is 7300-7500 yuan / ton. The trading enthusiasm of market plasticizer is increased, and the downstream market is higher, which is good support for domestic phthalic anhydride market, and phthalic anhydride market is higher.
Overall, crude oil prices rose. According to the monitoring of the business association, the settlement price of the main contracts in the US WTI crude oil futures market was $38.49/barrel on the 26th, and that of the main contracts in the Brent crude oil futures market was $40.93. Crude oil prices continued to rise in June, driven higher by the agreement on production reduction reached by major oil producers. At present, the contradiction between the supply and demand of crude oil is still prominent, and the problem of oversupply is still the primary problem that puzzles the oil market. However, with the reduction of production in oil producing countries and the restart of economy in more countries, the supply and demand of crude oil will tend to a new balance. Driven by the increase of crude oil price, the price of domestic petrochemical products will be boosted, and most of domestic petrochemical products will increase in varying degrees.
In the near future, the crude oil price is high and volatile, and the raw material o-benzene price trend is stable, but the trading price of plasticizer is general. The downward pressure of DOP market is still there, and it is expected that the market price of phthalic anhydride in July will be slightly lower.