After the holiday, the phthalic anhydride market fell

According to the Commodity Market Analysis System of Shengyi Society, as of June 3, the price of phthalic anhydride in neighboring countries was 6916.67 yuan/ton, a decrease of 0.48% from the price of phthalic anhydride on June 1, which was 6950 yuan/ton. After the Dragon Boat Festival, the price of o-benzene fell, the cost of phthalic anhydride fell, the operating rate of phthalic anhydride enterprises rose to 70%, the supply of phthalic anhydride was sufficient, the downstream plasticizer market fell, and the demand for phthalic anhydride was weak. Cost reduction and weak demand have led to a decrease in phthalic anhydride prices.
Cost reduction of phthalic anhydride
After the holiday, the price of ortho benzene fell, and Sinopec’s ortho benzene quotation was 6900 yuan/ton, a decrease of 200 yuan/ton. The cost of phthalic anhydride has decreased, and the downward pressure on phthalic anhydride has increased. The price of phthalic anhydride in the East China region ranges from 6700-6900 yuan/ton for neighboring phthalic anhydride, and 6400-6600 yuan/ton for nanophthalic anhydride. The price of phthalic anhydride has decreased.
Demand side: DOP market trend declines
According to the Commodity Market Analysis System of Shengyi Society, as of June 3rd, the DOP price was 8192.50 yuan/ton, a decrease of 0.71% from the June 1st DOP price of 8250.83 yuan/ton. After the holiday, DOP prices fell, plasticizer companies’ operating loads decreased, demand for phthalic anhydride weakened, and phthalic anhydride prices fell.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of raw material ortho benzene has fallen, resulting in a decrease in phthalic anhydride costs; In terms of demand, the plasticizer market has declined, and the demand for phthalic anhydride is weak. Overall, the demand for cost reduction is weak, and the price of phthalic anhydride is fluctuating and falling.