This week, the phthalic anhydride market is weak and consolidating

According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the price of phthalic anhydride in neighboring countries was 6800 yuan/ton, which fluctuated and fell by 0.24% compared to the price of 6816.67 yuan/ton on July 7th. This week, the price of ortho benzene has stabilized, the price of industrial naphthalene has fluctuated and stabilized, and the cost support of phthalic anhydride still exists. The maintenance of phthalic anhydride equipment has increased this week, the operating rate of phthalic anhydride enterprises has decreased, the supply of phthalic anhydride has decreased, and the downstream plasticizer market has fluctuated and fallen. The operating load of plasticizer enterprise equipment has decreased, and the demand support for phthalic anhydride has weakened. Supply has declined and demand has decreased, resulting in weak consolidation of phthalic anhydride prices this week.
The cost support of phthalic anhydride still exists, and the supply is decreasing
Sinopec’s quotation for ortho benzene is 7000 yuan/ton. The price of industrial naphthalene is fluctuating and stabilizing, while the cost support of phthalic anhydride still exists. This week, there has been an increase in the maintenance of phthalic anhydride equipment, resulting in a decrease in the operating rate of enterprises and a reduction in the supply of phthalic anhydride. The supply of cost support has decreased, and the support for the rise in phthalic anhydride prices this week has weakened.
Demand side: DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of July 14th, the DOP price was 8084.17 yuan/ton, a fluctuating decrease of 2.12% compared to the DOP price of 8259.17 yuan/ton on July 7th. This week, DOP production has decreased, and the operating rate of the plasticizer DOP industry has dropped to around 40%. Plasticizer production has also decreased, and plasticizer prices have fluctuated and fallen. The production of plasticizers has decreased, the demand for phthalic anhydride has decreased, and the support for the rise in phthalic anhydride prices has weakened.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies have seen a decrease in production, a reduction in plasticizer output, and a decrease in demand for phthalic anhydride; In terms of supply, equipment maintenance in phthalic anhydride enterprises has increased, resulting in a decrease in phthalic anhydride supply. In the future, as supply decreases and demand decreases, it is expected that the price of phthalic anhydride will remain weak and consolidate.